RE: New Year2 Jan 2024 21:38
I hope we are not going to have to go down the bucket shop equity raise route (and FWIW, I am slightly more optimistic than you about this), but I have wondered about finance for a few months now.
A good while longer actually. My scepticism about the MDA sign off has continued to grow with each tweet and rehashed article about imminent conclusions etc. Causing mirth and criticism from a few posters here along the way. My concerns that I voiced then have been entirely validated so far.
Took a punt after the CEO post-raise purchase, and I do like the magnet stuff, which is the only thing that has kept me here the past few months, in truth.
But I took profits on the last spike in the investment pot holding, and if they do a raise in the fashion that you fear they will, I will dump the small trading ones for a tax loss next financial year and put this in the bin.
However, let us continue to give them the benefit of the doubt until they prove deserving of a different opinion.
If this is as geo-politically important as we think it is, then funding should not be a problem - and also on terms that are not destructive to LTH's.
Seen this play out with too many other micro cap pre-revenue juniors over the years to give too much benefit of the doubt though. So I am watching closely and keeping my cynical hat on. GLA.