Gfarr unfortunately we are in the hands of a management team that seemingly have no clue. The horrendous timing of the cap raising 2 months too late got the inevitable result, that being a complete flop. I have whinged about that too many times sorry. They have no money to meaningfully progress (or even start) their pre announced drill program. I have raised my concerns with management and they did not bother answering my last request for an update.
My only glint of hope in the near term is that in one discussion with management they hinted at the notion that they do not really need to complete the drilling program to continue to improve the resource so they may go straight to DFS and then flog it off with the extra drilling upside to the potential buyer.
Personally I have popped them in the top draw and hope that my current view of management is 100% wrong.
Good luck to all.
POK Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
