The share price of an exploration company naturally amortises as...

The share price of an exploration company naturally amortises as they use up the cash raised for exploration. If they they go to the market for more cash, the question is not what happened last time, but what they are going to do with the new cash. Of course there is an element of chance and in new territory the odds are stacked against success. But this should be taken into account before buying any shares in a company of this nature.

I've changed my sentiment to none because I don't want to "recommend" the shares to anyone else. I bought into this issue because I've done OK from previous issues, but the sum invested is small and I know it is a gamble.