>>one thing is for sure.... something is coming out of that hole....or they would have moved on....<<
This maybe the case- yet is the 5% share going to worth our while... I guess 5% of something is better than 100% of nothing.
Still seems amazing to me with all their cash that they could not negoitate better than 5%. Cash burn continues at an extraordinary rate... Director salaries are sky high- I would suggest that Directors are in serious trouble if some serious deals not done soon.
We used to seeing 10-15% shares in deals- why is it the largest possibility of a find we get lowered to 5%. just seems just our luck... 15% interests are all dusters and cost us a fortune then a small 5% from something to try keep us happy.
Anyway it needs to be some serious bbd to be worth the effort for 5%... the Directors alone will suck this money away on their weekends in the tropics.
PPP Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held