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It's easy to spend when you are employing your own exploration team. Probably capital raise again soon before the going gets real tough in this market - needs to keep the cash cow fat!
We have no news on drilling for like nearly a year. All of a sudden we have announcements to say we have completed several campaigns and with no real results- where was the announcement that we are commencing drilling? Disclosure in this company is shocking! Even worse results are hidden in the quarterly...
Where are sinotech - they bought in big a year ago - must be very disappointed with the direction. I had hoped their geological team would have added strength considering they hold such high positions back in china. They also form a lot of the ent board now - seems downhill ever since.
PLEASE ... Take all the cash left, employ a new geo team that's independent and drill the best targets we have - aggressively. Keep us updated/informed and we will love you again. May even get her up over 20c... Now that's a memory.