So the following has (not) occurred....every announcement they made about the Philippines. Nothing. No approvals. No POD submitted (which by the way SGC said they would submit last March 2022). No EWT (how many dates now did SGC move that timeline? Too many to remember). SGC made an awesome presentation about timeline with regards to not just Cadlao, but to Nandino and Balyena (the whale) etc. SGC showed us pictures of pipes though. And then presented a photo of the drill ship and the rust bucket JU Murmanskaya. Impressive stuff. "We are drilling". Hmmmm apparently not. You just bailed as did JK and MH. Predicted long time ago.
However of late they did raise money to pay for...the salary of the new MD. The old MD is still on the payroll by the way. Now as "Technical Director". More overhead and less assets. Get the picture? And still there are those who think this is going back to over 20 cents a share..."all time highs". Wait till this gets the attention of BBM....wait even more and find out what happens to USEC Sales Turd who promoted this junk.
Natanna76...two words for you..."STOP LOSS".
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Ann: Philippines Assets Sold for Cash, Royalties, Back-in Rights, page-68
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