Sore like an Eaglehawk, page-59

The problem is essentially they both havn't found anything. And mkt is assuming they won't find anything. The general tone from both parties is not particularly upbeat, with AON CEO saying it's "a slow tough process", and HPX dumping AON stock and sending the mkt a clear message.. .

So then we find ourselves at the end of Nov with no major discovery, very little cash, and what looks like a damaged relationship with a JV partner, HPX. And we go from being an exciting exploration story, to being a stock trying to raise money in a rubbish mkt to fund further exploration that maybe futile anyway, and at a share price below 1 cent. This is what the mkt is now starting to factor in as we tetter on 1.3 support.

the technical profile is just awful, so we really are gambling on the slim chance they find something in the holes remaining.