This company smells of been a lifestyle company with the lack of progress here. How do you spend $440,000 in staffing/admin/corporate costs in a quarter as a small exploration company and have nothing to show for it in the context of progressing projects to market (or actual drilling). No word around the supposed acquisition in July since it was hyped up, or anything else. No word on whether drilling has commenced either in December as stated previously (with that drilling appearing constantly deferred and reduced in scale). Seems a few companies around like this on the ASX. Maybe management is doing something in the background, but lack of informing the market is not a good look.
The only positive I currently see for the company is its low market cap and cash position, although given the costs above remaining funds would not last around a year before a needed raise here. Hopefully they actually do something before they need to raise.
Kept this on my watchlist, given the Czech projects (or lack of progress thereof).
