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Commodity price tailwinds needed for 29M

Citi not convinced investment in Gossan Valley is best use of new funding

Michael Quinn
Cash inflow would have been been better spent by 29M on debt outflow according to Citi

Cash inflow would have been been better spent by 29M on debt outflow according to Citi | Credits: 29Metals

The destination of the big capital raising announced last week by the indebted 29 Metals hasn't convinced investment bank Citi, which has significantly cut its share price target expectation for the base...

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