Perhaps that is a good sign or perhaps it is a bad sign.
We will find out in the fullness of time which it is.
Time running out for this little goldie - only enough cash for another 6 months at current cashburn rate (plus some money from EVR shares, I do not count the CDT shares as having much value as they would find it difficult to sell them at a reasonable price.)
Unless the POG heads up above $USD2000 I doubt they will be able to raise any more cash at a reasonable price. Need massive luck to make a high grade find very soon. It would be best to end the agony sooner rather than later when they are in an even worse position.
I wonder who is going to buy them out. EVR?, PRU?, RSG?
GLA
loki
AZM Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
