could have been a lot better balance sheet. 4 million won't last...

could have been a lot better balance sheet. 4 million won't last long with multiple targets to drill.
I suppose management needs to know what they have in this early stage. However burning money on multiple fronts will induce dilution and cash raises
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This could fall into hole very quickly. Management need to pull themselves out of the mud and the prospects better deliver.

A bunch of disgruntled shareholders and a trading/investor house that will sell into any good news will not be a good mix for some time. Especially if results are mediocre.