you forget that they haven't actually drilled and given the lack of movement are now given that we're 3 days till august when they said they would drill they likely won't drill for another 2 months factoring in organizing a driller and readying the actually drill site, based on prior timing. that means at least 2 more months of paying for leases which aren't being used, 2 more month of administration costs including the fat salaries that the board gave themselves, 2 more months of paying our new helium processing partner for a plant that right now can't be used because we haven't actually drilled anything worth a damn cause we've been sitting on drill permits for the last 2 months!!
I guarantee there will be a CR, and given the current economic climate where money is being more tightly held, it's going to be at a very steep discount for a cash injection that won't last a year.
BNL Price at posting:
2.6¢ Sentiment: None Disclosure: Held
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