yep problem is with their exploration, they've reduced their exp budget to $3M...since they've already spent $2M in MArch qtr I assume only $1M for rest of CY, so cant achieve much with that.
I've queried that with company as well so hopefully get a response.
I guess their focus is on maintaining profitability though, so nothing wrong with that. Make money now, spend it later hopefully when POG recovers.
Cdchi1
Ann: Press Release - March Quarter Report , page-7
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