Thanks for your response, fair points and I get where you’re coming from. Yes, the cash position from two months ago looked razor-thin, and under normal circumstances a raise or halt would be expected by now. But that’s exactly what makes this so interesting:No haltNo emergency raiseStill fully tradingAGM proceeding on May 30 (which takes cash to organize)And we’re even seeing big parcels quietly being snapped up at above market (like that $22K buy yesterday ) So either:They’ve lined up private/bridge funding quietly (very possible), orThey’re on the cusp of announcing something bigger, gov/institutional backing, cornerstone, or a structured placement. I’m not saying there’s no risk. But companies in actual trouble don’t behave this calmly. They halt. They rush raises. They scramble.
But time will tell either fly or crash and burn
LU7 Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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