Brazil Critical Metals - a victim of obscene broker greed

It seemed like there was no stopping the gold price last week as it closed in on US$2,800/oz, but then there was a US$50/oz correction. That was healthy as it took some of the hot air out of the price but the fundamentals remain the same. We still don’t know what the US Presidential Election will do for the gold price. There are plenty of opinions but no-one really knows. It is all part of the uncertainty that we are dealing with today.

A couple of weeks ago Brazil Critical Metals announced a two tranche placement at 1c and a 1 for 3 entitlement issue to raise a total of $3.4m. Euroz Hartley's acted as lead manager, broker and corporate advisor.

The elephant in the room is the 339 million option package being issued to Euroz. It is obscenely large. Normally, when shares are issued, the options attach to the shares, but not here. The broker has skimmed off these options for its own self. Bugger the shareholders! This is broker greed at its worst. 

 WeeklyComm2Nov2024copy.pdf