Yeah, beware mine developers who say they are fully funded; it often means "we'll raise more money as soon as the share price is a bit higher", and VTM's SP more than doubled in the first three weeks of May.

Sometimes we look back and realise it was a good time to raise with a nice high share price, other times we stay pissed off that they lied to us and we got diluted again by another discounted placement. Just have to expect this stuff from project developers @lowway.

Disc: Not holding VTM, but I hold other companies that are at a similar stage in their development, and I expect fairly regular opportunistic capital raises, especially if they say they don't need to raise.