With previous quarter's staff and administration costs of $344K and cash on hand of $1,418K they could easily sit there doing nothing until the end of the year but assuming that they actually do something, then yes they probably are looking to do a CR. The CEO's little jaunt to Niger and probably Canada as well, will have added up a few dollars if nothing else. The current submersion of the SP is a signal that some people may be aware of a pending CR, but equally, it could be tax loss selling, given the time of the year.
Buy at your own risk.
Abuse, page-4
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