RE:PMET Halted A capital raise for $50M FTS at C$22.... so they do show progress, put together a nice presentation, robust drilling program, NRs etc to pump up the project and keep the hype.
So PMET will raise C$50M for approximately 2.5M shares and compare that to CRE and the raise they did in 2021 – C$30M and issued 21M shares when accounting for the warrants. Now, who is creating shareholder value here? A company with np PFS, no permit application, etc, just resource updates (very good one) but no chemical or process tests are done.
Look at our CRE, for the last 5 months they have the same tune over and over about working on the best deal and the stock performance is pathetic.. This management needs to learn to read the market if they really want to create shareholder value, not just built the mine as it looks is the case for now.