Likely he will be forced to the market. A strategic investor looks at fundamentals and there are some control/agency issues with the company structure - and he hasn't brought one in yet, cant see that will change anytime soon. Not a bad thing.
Id say it will go below 3c - before rising again on any or all of the following:
- Announcement of mobilisation and exploration plans - 45-60 days from now ?
- Announcement of capital raise - 60-90 days from now?
- Commissioning of some infrastructure - 90 to 120 days from now?
- Initial sampling results - 120-180 days from now.
A few entry /exit points coming up. Id bee selling at anything above 5 and buying again below 3.5 ( its certain to get there or below) Happy trading
Ellendale Diamond Mine, page-162
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