Excellent news today. Great to know that there's a clear path to full ownership if they find something big.
But make no mistake, this thing is a lottery ticket, and I say that as a holder (in at 0.4c).
If they hit anything that seems to have the potential to be big, it'll multibag in short order - this really is the ground floor, I think. If they don't, the SP will continue to disappoint.
Yes, they'll have to raise fairly soon and the dilution will be painful, but that's always the case with these companies - just need to hope they get back to drilling ASAP after the wet season.
Excellent news today. Great to know that there's a clear path to...
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