Maybe but what we are really dealing with is the extremely high risk of exploration, high costs of,exploration costs admin costs etc, .coupled with or course Govt red tape and traditional owner treaties, land rights etc.
This was always high risk, but it really has had its share of unfortunate bad luck .
The only thing i can see here to survive given the very low cash on hand will be a consolidation of capital followed by an immediate a CR , if they don't get that CR done quick after a consolidation, then inevitably the SP will move down again.
The other alternative could be a CR at 0.001 to 0.0015 at this rate.
Wishing good luck to all long term holders especially GDoggy.
Just sharing some thoughts but hey what would i know ?
Ann: Lady Grey Exploration Update, page-8
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