29M 4.29% 36.5¢ 29metals limited

Potential Capital Raise?, page-30

  1. 3,808 Posts.
    lightbulb Created with Sketch. 1125
    just look at the mkts reaction to core lithiums $100m raise....dropped 25%....ouch. that couldve been us. will it? that is the $100m question.....

    mngt have a lot to answer for!! they had from >$2 share price when the heavens opened up, all the way down to $1, now 66c (67% fall) to do the dam_n cap raise.....this wreaks of financial incompetence....why leave it so late.....!!!

    our mkt cap at 44c would be ~$220m...ive seen diggers and drillers with similar mkt caps who would dream of two operational mines (built, capex spent) with PROVEN copper grades >1%, some hits greater than 2%.....copper wannabees now brag about finding 0.6% copper....eek.pngeek.png

    mngt need to be culled if this proves true....they have the financial foresight of a blind mule....
 
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