Placements

Whenever I hear a stock is doing a capital raising, then you know that as an investor in that company, you are fucked.

Placements are the most unfair way of raising money because it screws the small investors.  The big investors and institutions get to buy shares at a cheaper price.  And when the stock is listed, they often make a 5-10% profit even when the share price dips because they bought at a much lower price than prevalent market price when there was a trading halt.

Today, I got screwed over GXY... accounting for a heavy fall in one portfolio.  Hopefully, it is only for the short term as the money will be used to develop another lithium deposit in Argentina.  Lithium in brine is more expensive to extract.