I agree with the other posters who say let's see what the details are before we assume it's negative.
One thought I had is that while we may have enough money to drill more holes, if JH knows this is going to be commercial (I'm guessing by now he would have a pretty good ideas, even if he can't say so formally pending test results)then he might be looking at the big picture in terms of getting into production ASAP. I would think there is some infrastructure to be built which would cost a fair bit before we start generating cashflow.
Bottom line, until we know more, all we can do is speculate. Interesting how the mood has changed for some from very positive to very negative. If JH was making the right calls as the majority of posters over the past week have written, I'm confident there will be some sound reasoning behind the announcement.
I guess we'll just have to sit on our hands and wait until we know more.
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Mkt cap ! $39.49M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.3¢ | $83.26K | 1.516M |
Buyers (Bids)
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1 | 49750 | 0.053 |
3 | 283253 | 0.052 |
4 | 561685 | 0.051 |
3 | 365000 | 0.050 |
3 | 40418 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 340510 | 1 |
0.058 | 100000 | 1 |
0.060 | 99559 | 2 |
0.062 | 11500 | 1 |
0.069 | 200000 | 1 |
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