RE: RNS - Ouch 21% Discount on placing16 Dec 2025 08:10
Its not the raising of the funds that the issue, a junior explorer on AIM - that's what they are here for. No issue with that.
The timing of the placing stinks though - the lowest the SP has been for months, so why now?
Two options -
1) Assays aren't great and want to raise before the SP tanks even further.
2) Assays are known to be good and want there mates to get in and make some cash.
Second option obviously better but both options shaft retail investors.
‘The Fundraise was met with strong demand from investors reflecting growing confidence in the Company's strategy and technical progress.’ - Utter drivel - the "investors" are confident at making money at 0.18p is all that means and jumped on the opportunity afforded to them over everyone else.
This was never an investment, always a gamble, I knew that when I put money in here, but the odds are even more stacked against you than I perhaps naively thought. Ill stick it out now, no point not doing so. Still plenty of catalysts to make money but the road is a lot rougher along the way for sure.