You don't need to know anything about exploration to know something about this company.
18 March 2011: the company announces a very promising resource of 595,000 tonnes at 7.9 g/t Au for a total of 150,300 contained ounces at Central Bore along with a total resource inventory of 1,067,300oz at Yamarna.
What price did the shares close at on that date the 18th of march 2011? Answer 42cents
Four and a half years later, 488.2 million (extra shares) later, 5.8 million (extra ounces) later and what is the share price now? Answer 38cents.
Explanation: Addicted to drilling.
Eshmun
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