I don’t even think they have started drilling Handy as they would have to tell the ASX that they have.
The market cap is actually 12 million as they have 50% of their shares in escrow for a year.
Like I said - the old boys have learnt how to fu@k the dog and take unsuspecting shareholders money. There are quite a few of these “ lifestyle” companies on the ASX who have an OB network who take over a shell, talk about what they are “going to do” and nothing ever gets done. They find their lifestyles with share holders money.
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