Now capped at $27m with ~$7m cash at end of December.
Pretty unbelievable in my view given that most would agree the company would instantly become at least a $60-$70m cap as soon as land access and drilling occurs (if not more).
My understanding is if the land owner tries to drag it out she could be forced to grant access anyway. Logic would say that it’s in her interests to negotiate a favourable economic agreement for access.
Hard to imagine there could be many wanting to sell below 3 cents a share but every day it seems another muppet wants to dump stock, so we wait and see what happens again tmrw.
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