I guess the one positive is at current cash burn we can wait 8 quarters before being broke, alot can happen in two years.
Ideally we need someone to come along and buyout radar iron for $10m+, at $10m we would get $2.3m dumped into the cash balance (not sure of tax impact if any), enough to advance the project further and start getting serious with any potential dance partners.
Other than that we will have to lower our expectations of any deal to eventuate(take a haircut in price) just to get it done and start creating some value out of the deposit.
Ps: much of a muchness and still held above 5c on decent volume, given the over market in potash a return to the lows is very unlikely.
POK Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
