I believe the sell down has gained momentum today due to the underwhelming strategic update paragraph contained within the Q. This coupled with the next Q cash-burn has made things a whole lot easier. No doubt the Phase 3 exploration will turn-up some stellar results which will see the SP higher than it is today but again very poor communication. I would like to see some time bound statements or at least targets explicitly stated so I don’t have to be left guessing where the 4.3M is going next Q and why are the administration costs 500K higher Q over Q. I can only hope it is directed at recruiting someone who can write with investor relations in mind. Unimpressed!
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