Panther Metals – Convertible Loan Funding From A Poor Tip, But....
By Nigel Somerville | Friday 1 September 2023
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
My “not for widows and orphans” tip for (sub-) Standard-listed Panther Metals (PALM) hasn’t worked out as I’d hoped. Yet. This has been exacerbated by the current nuclear winter at the bottom end of the market and yesterday the company announced a convertible loan funding package….uh-oh: a death spiral (and thus an automatic sell)? Er…..no.
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