Agree.. they literally just raised funds a few weeks ago.. in addition to cash on hand they've probably got around 1.4 million.. this is fairly standard for a microcap in their position I think they could probably hold out for at least a few more months.. a lot of the costly exploration work has already been completed for now.. the company has simply re-rated due to the fact it was incredibly undervalued.. personally I think it could double again and still be trading at fair value.
I think there's just a lot of burnt holders here that are taking their frustrations out on the forum, the opportunity was there to average down..
MTM Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
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