Ann: Program Update on Krajkovac and Vranje-South Projects, page-8

On the last quarter they had $4,928 at the end and estimated spending $1,366.
This quarter they have $3,836 which means they spent less than estimated.
And now they they are only estimating $556 outflow.


Sure this company may have a bad history.
Sure this company will likely turn out to be a dud - most companies at this end of the market do fail.
Sure the share price can go to nothing if the market decides that is what is worth.

But your assumptions are not based on the numbers that they are showing us.
Unless you are suggesting they are engaging in fraudulent activities?