It still has tenements with positive prospects. It still has OK results on these tenements.
The hope was it would find something within the cash at hand that would cause the SP to lift so that more could be raised to look further.
But we no longer have the CEO who was driving that plan, or the geologist that was helping.
What we have left is government money to drill a couple more times into these prospects. Still looking to get lucky, just less chances to do it and no-one currently running the show that I know of.
...
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-22
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