Im doing research a little here today to see what the future holds... from what I see however, money is burning at near a million a QTR... they barely have enough for the next 6 months... from my experience no company ever allows the bank balance to get to near zero... so hence with todays good news one should expect a CR in the not too distant future to secure there expenditure going forward.. all high risk speculative, non revenue making stocks take advantage of good news when cash is depleting fast...
Regardless of JV potentials etc... I would expect a CR in this current QTR...
big volume day, decent churn helping the SP consolidate to a higher level.. however I would expect profit takers to pull the SP back through out the week... watching with close eyes... GLTAH, what you need now is a confirmed JV with a strong cash backing moving forward...
Ann: Operations Update, page-72
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