Bought in last few weeks, chart was looking alright,
low staff and admin costs for a explorer, unlike many directors lifestyle companies.
Checking the last financial they had 2m in the bank and estimates outgoings of around 1m
So i might of jumped in before a cap raise though and dropping the presentation now adds to my gut feeling.
But i don't think they will have any issues in getting cash, gold price is high, they have some very good hits and multiple targets in a known gold belt with tonnes of infrastructure. and they don't piss the money up a tree.
once they raise i expect a pretty busy drilling campaign. and id expect the exploration target to grow....
they wont be producing anytime soon as they haven't done a FS yet?
any negatives from the longer term holders?
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