the problem with CBY is management, not the resource
They have literally come out and said they will not be drilling PNG or Manus . They have no cash and no interest driving these projects forward. They want a JV partner to come in, take over the majority of the project and free carry them.
i wouldn't call them a lifestyle company as their spend isnt that big, but they're just so slow to do anything. Look back at their previous timelines vs what they actually achieved and when. its not much
i dont know how they are planning to drill Briggs with no cash
CBY Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
