Market cap is so bad.
SP had been brutally raped.
Using 20% of placement capacity, raising at a -10%-20% discount to raise max $4mil? Is it worth it?
How much drilling is $4mil going to buy?
they need to sit and do nothing. Wait for sentiment to improve and valuation to improve. Instead most small caps will raise at bottoms.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-79
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