With the estimated cash on hand, based off the previous quarterly, plus the timing/amount of funds anticipated from the seed/IPO completion ..... I think they could start to be a lot more aggressive with exploration now, rather than wait until October.
Waiting 3+ months.... particularly given we’ll be heading closer to the wet season.... well... that means more waiting.
Long term outlook is still good, particularly from these levels..... but definately feels like the heels are dragging at the moment.
Or I could just be mistaking it for attention being focused elsewhere.... though there isn’t a reason both can’t be done concurrently.
Cheyne.
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