I would imagine there will have to be an announcement soon regarding the funding for the potential project and drilling. At the current share price a capital raising would dilute holding considerably, so hopefully there is a farm in. As they are running out of cash reserves, I would like to think it'll be quite soon.
Not sure what the go is with the post-ann sell off as I considered the news to be quite promising. That's Mr Market for you. Are we a takeover target given the small market cap? I hope so.
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