concern

1.Gave up only income stream they had ungani 30% left,surely could have restarted so they had money to keep going and with other projects.
As at present to much cash burn with to many irons in the fire.no revenue.
If management are reducing costs how about they take a pay cut to preserve what cash is left and only increase there pay when they have proven results.ie share price increase and no more cap raises.If this continues they are probable playing right into predators hands as they will have no money left and do a desperate deal with predator with some silly terms and have the company taken off us for a pittance which i have seen previously with small oil and gas companys,who become desperate after backing themselves into a corner.No good having heaps of oil & gas in ground if you cant extraxt it for sale and revenue if you dont have cash.I hope i am proven wrong but i have a bad feeling about this.