>>What absolute nonsense Josh. This company is planning multiple drilling programs over the next 2 years and if you bothered to get yor facts straight and contact the Company you will be told that $20 million should cover at least 2 years of multiple drill programs. Multiple drill programs = Lots of Results
In future please consider what you are saying out of respect for the users of this forum.<<
Correct Teddie, after a talk with Investor Relations they are very confident that they have over 2 years worth of funds to cover an HUGE drilling program.
Plus the fact was added that Cash in Bank alone the company backed by 25c ps. Without including all their large amounts of assets.
The Management are amazed at the low SP, yet not concerned as they believe the drill program will be highly successful. Naturally this is a LT play, not an instant overnight HIT. I will stick and load up if the SP hits below certain levels.
Yes people should check facts before downramping as we will jump all over incorrect statements.
ARM Price at posting:
31.5¢ Sentiment: LT Buy Disclosure: Held
