no...
plenty of cash now ...if you include options that sold after financial half they have nearly 6.3million in cash...and not spending $ on developing gold assets that gone to diablo..and drilling costs wont be much once BLM approve....in meantime not much money used & you can be sure once there good news all those options sitting there are gonna be converted & that more money in kitty.
wether that be when drilling approved or resource upgrade or pilot plant results.
then factor in grants USA govt giving to speed up clean energy & whatever deals you might get to build plant or guarantee someone production i dont know how much we really will need in a CR.
a CR it way further down the track & put it this way...if BLM approve & resource upgrade good & grade suitable & pilot plant working and assessed as viable do you think when CR comes (which will come when mining approval approved) it will be at 4c?
i dont think so.
and will they flood shares just for the sake of it?
i honestly think they wont...from what theyve done so far it giving value to shareholders as they invested like we are since they have a big chunk of it.
diablo spinoff prime example...made no difference to share price once gone & no doubt once it lists next week you making money (well making $ no matter what it sells for & lowered your cost in what you paid in HWK)
next CR will be further down track and directed towards USA funds/investors.
but matter of waiting...cant do much til BLM decision ..for some reason their website down last 2 days..hoping updating approval.
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