RE:RE:RE:New Press Release - Cerrado Gold Announces Share Issuance To Sprott Streaming And Royalty Corp.No no no . Cerrado owns :
1) A whole plant in argentina coupled with a huge huge pack of land there .
2) a great Q of land in bresil with good resources
3 ) a vast property in quebec presenred as a gamechanger for the company.
You ( everybody) know it perfectly well.
Don't tell me among all theses thousands of hectares there were no possibilities to find some liquidity other than issuing .
The equation known from themselves for a long time was to find just 500k usd at a precise date.
They could have :
-Sold some land
-Proposed a royalty somewhere
- given the right for another miner to explore others metals on one of their land .
-controlled their G&A
Etc etc..
By issuing you show the market weakness particularly for a such small sum j( just 500k !! ) and above all a lack of imagination .He made the exact same mistake with Asnd .
If you are unable to control your number of shares you are toasted. Don't forget if ever cert got a financing before y end ( far from done with the recent past ) MB told us the rest ( 30%) will be found by new shares.
Thoses shares will never be repurchased. Personally i have to recognise i were fooled by the MB speech 2 /3 y ago. None of the promisses have been executed ( project delays shares) . But it's my own mistake. I hold because the mcap is so low.. not sure the next earning will change the note.
As time goes by , the famous sentence " a mine is a hole owned by a liar " is true . Of course there is different types of liars , but at the end , results are the same. Glty