People jump out because they are sick of this ill-timing fundraising. It totally ruined a nice break-out.
From my experience with WMT's fundraising, AIM may well go back to around 31c before recovering.
Market is always right.
I held a bunch of oppies from 10.5c, but that doesnt mean i have to agree with everything they do, or act against the market.
Passing of time.
CAPEX at Perkoa is more my concern, the rate thier burning cash ramping the mine will no doubt result in a placement soon or some debt funding package.
Hopefully the SP bumps along a bit further and if they do a placement its at a reasonable price.
As for the excellent progress at Perkoa, looks like a pissy little Box Cut too me, with 1 Roller and a Grader wizzing around in the background,not that much progress in the last 6 months really. These guys are going to run behind ramping up Perkoa for sure! I guess you can't expect too much when you have the Natives on the tools........
Very strong action today. Not long untill we see it over 40 cents again. I really didn't understand why this one fell once the project financing was announced. It took away a huge level of risk IMO. Anyway I'm holding long on these and things seem to be shaping well.
Received letter of the EGM today. There will be another even bigger financing @0.31 within 3 months after EGM.
Bigger volumes have been going through these couple of days, keep this in your watch list. Its breaking the downward trend. DYOR
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?