Ann: Shareholder Update, page-9

my take is they are preserving cash to spend on Sepeda if they can do deal with Luso , which maybe closer than you think , given the share price is holding at 5c , there has been enough buyers to soak up the sales of frustrated longer term holders in recent weeks .
If they cant get a deal done soon then they will move on to drilling Sweden and go the long route through the court process to determine the Sepeda issue
ie they are having one last crack at resolving it before they commit to spending their cash on Sweden