Yeah pretty obvious that the market itself has factored hole 1 in as being no good.
A now $3m MC with near $2m cash would surely indicate that.
The key now is the next step. Is the second hole worth drilling in its current location? Do they need to do geophysics first on some other leases before we can drill.
They need to now move fast and efficiently now to get things back on track. Get a new target in sight and move forward. They can't afford to go as slow as they have done for the last year.
Things need to happen really quickly and they need to communicate better to shareholders.
Yeah pretty obvious that the market itself has factored hole 1...
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0.7¢ |
Change
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Mkt cap ! $4.786M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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