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i don't have a problem with Li, or Nickel, or Copper...

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frogbat

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16/12/22

08:39

Post #: 65335469
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Originally posted by ogloko: ↑

So my blunt thoughts not advice

This has imo been handled fairly poorly. I like they were able to secure some good support from institutions/708's but I have found it interesting that several people are unsure retail will take up it's allocation, something I hadn't thought about

So he's a question I've been wondering, why not release VES and then possibly raise at a) higher price and b) give an opportunity for investors to have more confidence in what we are investing in - if VES are underwhelming investors will lose confidence in the project and obviously move on which will be evident in the direction of the share price. If It was done like that I'm sure there would be a lot more positivity around the raise and I'm sure investor demand would be high

Honestly I'm in no rush right now to participate and will leave it close to the closing date to decide, hoping for some kind of announcement that gives us an indication where we are going, as we've been sitting in limbo for some time now - 6 months with little progress. If there isn't an announcement by then I won't participate as I won't buy in just for the sake of free options. I'd rather pay something closer to 1c (still a good price) at least having an idea of what's happening (assuming it's positive hence it's closer to 1c) than throwing money at it during spp because management are dangling a carrot of free options. Besides these options imo I don't see the reason too participate and I don't think smart investors would make a decision to buy more shares during periods of uncertainty for the sake of free attached options

Even though I know I come across being quite negative on these threads I believe all investors should be constantly evaluating their investment (even when performing well) and if it's there are not a whole lot of positives whilst doing so, I'm fine with calling a spade a spade. Having said this I still believe there are plenty of positives for this stock which is why I still hold for now, it looks a great project with a lot of potential but at the same time I also don't want to be throwing more money into a sinking ship as seen with many other nearology plays. Right now plenty of places to use capital and I would be disappointed because if I got my allocation, this announcement is a poor announcement and not only am I losing on that spp investment I have also tied up that money where it could have possibly been used elsewhere as there are plenty of stocks around performing well for investors.

Lol that was more of a write up than I thought it'd be so sorry if it is a bit long..... but I guess that's where all my thoughts are at right now

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i don't have a problem with Li, or Nickel, or Copper etc...

its the management of this company i have a problem with. There are those that continue to say "but these things take time, expect delays, etc"

if management make a commitment to inform the market by a certain date, stick to it, or PROVIDE AN UPDATE on the scope of the delay

it's called communication. that simple

for all we know VES is crap, there raising more $$$$ and then boom, performance rights issued!

better management is what is needed to instill confidence. period.

until then penny stock lucky dip is all this company is and everyone's gambling

which is not my idea of investing.

no options for me

XTC Price at posting: 0.5¢ Sentiment: None Disclosure: Held
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