I believe that funds will get them through this drill campaign, I guess the next CR will depend upon the scoping study etc & what that indicates. Lets hope its not at these levels though.
I was told that they were looking at partners/off take agreements as part of the scoping study & that would help fund next stages rather than a CR at these levels as many brokers in teh east had been pressuring them on this. However, the silence is now deafening on that.
My concern is they keep repeatedly missing these self set deadlines & together with June 30 selling & a real lack of communications/marketing on the ground its suffering. This important part of the CEO role with the market etc cant be managed from overseas via remote control as it is. Additionally, management have been made aware that they need to respond better to queries (shareholders & brokers).
I have heard more news on assays, scoping by the end of the month & drilling on the ground by same time, but given past performance, I am wary. Hope I am proven wrong. A price recovery this side of June 30 will obviously have some resistance to get through.
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