So basically we have a company that holds one project (the three sisters) which has shown to contain nothing but dirt from recent drillings. I was a little surprised the timing of their IPO given they only had one project and wanted to raise $2.5Mill which they have all but burnt. No surprises that they needed to raise capital so soon.
Why is the SP still 9c. Surely it should be only a few cents (cash backing).
So basically we have a company that holds one project (the three...
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