ok geniuses what is the plan here?
mining concession wont be determined until 2026. did they not consider this? was the plan same as last time to hope for the best? instead SURPRISE! share price drifts downwards because everyone knows a dilutive capital raise is coming. the raise more at the bottom for shoveling into the working capital furnace and handicaps the future upside because there are so many more shares on issue.
UBS downgraded target to 80c now because of this.
don’t think I haven’t noticed there a lot less defenders now though. they just say nothing so probably sold. should have taken my advice 2 years ago.
absolute shitshow all round the way this has been managed. why is no one else furious with this?