i dont know what they were thinking burning all their capital in 3 quarters how do they expect the share price to grow if they are setting themselves up for a cap raise within max 6 months, probably sooner and their response is that they have 10% CR capacity? well even at todays price that would get them one more quarter of drilling.
They have shown no reason how they intend to progress this without diluting to oblivion They could have set out a path but have left it completely blank, if they said these 2 quarters of drilling would be adequate to get them to a point of JV or something, then at least we know where they are going with this. Ive lost confidence in this mgmt, what a dogs dinner theyve made of finance. going to cut my losses here. this will hit 6c a lt quicker than 12c no matter what drill results they spit out
ASO Price at posting:
9.1¢ Sentiment: None Disclosure: Held
