Is there an issue with this type of exploration? There is no immediate news from these drills to excite the market.
Perhaps after the first drill NSE management have realised that the share price is going to be pretty grim for some time. This would explain why they cashed out on Buru shares for no apparent reason (I am buying a house soon, I won't be taking a loan from the banks until I have pencilled in the house I want...I would think companies work the same regarding investments?).
Perhaps the cash on hand is simply a safety precaution to prevent the need for a capital raising during exploration and will give them enough time to bring something with substance to the market?
NSE Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
