there is going to be no slow climb out of this hole this time...

there is going to be no slow climb out of this hole this time round - they have done their fundraising to keep the big dogs employed through this exploration/drilling season, it really is sink or swim now. Lack of any material progress this year will be it, i doubt they'd get another raising away. There is a small chance of misguided hope they'll actually make some progress, and in which case, it will simply jump from 8c to some other multiple. It will only raise on positive announcements, pretty binary really. Someone clearly wants out at the moment, might be some tax selling which no doubt we'll see a lot more of the next couple months, but, i'd be preparing yourself for this to also fall over. Anyways, in 6 months or less we'll know either way i'd guess.