Unfortunately we have had no trench results in 3 months and drill bits on idle for over 6 months. I personally don't believe trenching is a tool used for EMR and the market will be looking for a Mineral Reserve not an estimate. Couple this will no COH puts market sentiment on hold with an impending CR foremost in market sights.
How this next CR is implemented and the type of raise is the key. Another placement will just see the rinse and repeat trends we have seen continue.
One positive is some key management positions appointed with expertise. Are we about to see a turning point.
Au hit $2400 USD.
Ann: Investor Presentation, page-10
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