RE: Prem29 May 2024 12:18
Another raise inbound in a week at 0.09 to keep the lights on another month. He states the costs are minor in 'Comparison' - While that sounds cheap, in comparison to what? $5 million spent so far, so is 10% (4.5 million) minor in his warped opinion?
Looks like this is going to go up so the stock on the books can be dumped to those who think it's a 'Bargain' time to top up, average down, or any other rhetoric to justify staying with this festering turd in the short term.
This will finish 17% down today, and 12% down tomorrow, and will settle around 0.9 so they can get the 10 day average at that price for the raise - that's if anyone is willing to buy it and take the punt then
We are at less than we were 3 years ago, millions wasted, and not produced anything saleable