Market just doesn't have the patience to wait another 3 months...

Market just doesn't have the patience to wait another 3 months to see if they start to turn the corner. And then they probably don't want to wait another 3 months beyond that to validate the turnaround or get told it was a 'fluke'. And that's the ideal scenario!

But I don't think all hope is lost for shareholders. The resource is a big one, the kind that the majors like. If management put a bit of their own skin in the game at these prices, it would give the market some heart to believe their bullish predictions.

Fortunately they have $30M cash in the bank to last them another year to turn the tables. I thought this was great value at 27c so I got lured in too for a short while. Fingers crossed for holders!