RE: RE: Deal or no deal29 Aug 2024 21:44
@ Bandit.
Well done for selling at a loss, and admitting it. You had the courage to take a hit based on your thoughts. Unlike some.
You took a punt? This is AIM. Virtually every investment is a punt.
The vanity projects? Funded by MMA as part of the JV agreement, as there had not been a placing until recently. The last one at 17p if i remember.I stand to be corrected on this.
A placing? This is AIM. Placings happen and generally with warrants attached. Whilst anyone can speculate about when this may happen, nobody actually knows. But i 100% agree that it will happen. At what price? If it happens soon, 1.8p. 30% discount from here, warrants attached and forward selling, dragging the price down to 2p, before announcement. This is hardly a ground breaking statement, and all IMO.
How much will they need to raise? I'll leave that to the many, many experts here.
Do i care? No, not at all. I invested for Anza, as well as the fact that Newmont/Agnico were involved. Anza still remains. As does the area it lies in. The gold doesn't simply disappear.