@ArgoBlockchain Just like #FTX#ARB was operated like a ponzi scheme, unfortunately crypto businesses consists of many one hit wonders who lack actual business acumen and Peter is no different. I fear its curtains for shareholders as they need the price of bitcoin to be a lot higher than it is.
@ecrminerals@sicapital That’s 💩, that amount of money would not be enough to progress all those projects, in fact nowhere near. Clearly to carry on paying wages to useless incompetent BOD #ECR
@Kutzzz3@OrioleResources I suggest you look at their continuous mistakes in finance and placings, they haven’t learnt their lesson and looking past todays short term news all be it great, likelihood of another raise will be required at some point #ORR
@Kutzzz3@OrioleResources Not referring to the results, I am referring to the BOD “fool”. You have the wrong people in charge of a great potential company and the sp will continue to be decimated until there is charge #ORR
@GrahamNeary Hi Graham, firstly great summary in particular on #SED, I was looking at it from a trade bounce but is now an avoid. As you point out, two revised revenue outlook, high cash burn and will need another raise. It may well bounce but it think it will drop further.