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1.2M USD will go a long way? I beg to differ.Drill was planned...

  1. Kotlass
    632 Posts.
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    30/12/22
    06:04
    Post #: 65476396
    1.2M USD will go a long way? I beg to differ.
    Drill was planned to take 50-60days.
    How many days since spud? 97 days?

    That's about 60% longer than anticipated. To think that company has not overshot its budget is naive imo.

    The next ann should be a discovery marking the end of this drill not further delays otherwise an unpleasant CR from Sophs will be called. As it stands, Baobab will not be drilled without more money in the coffers whether from options conversions or CR.

    I could be wrong but this is my belief.
    IVZ Price at posting: 26.5¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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