Main issue with company is management, they have spent near $10million since listing and done what? zero really.
This quarter $1.6mill in the bank planning to spend $1.2million of it on what exactly??? thats alot of spending for many 3 quarters with no drilling.....
Spend spend spend no drilling in sight, now they will need fresh capital before any holes are drilled, the longer they wait the lower it goes......
Ann: Patriot Completes Further Acquisition Near Gorman, page-28
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