They have cash backing of $50+ million so a base had better form soon. So any hope for Salamanca and/or other prospects aren't being valued at much at all.
The big bonus was they did the cash raising (and well sought after CR) at $1.70, before the twin kick in the nuts of super-freak Japanese triple-whammy disaster and now Spainish hard-ball.
I figure that's theirs a chance that I could lose a bit more money back to cash backing if everything gets wiped, or hoping, with all things crossed, that soon-to-be-had talks/negotiations/clarifications/arbitrations/legal-poking go well and then there's a good chance of quickspeed multi-bagger.
I have put my money where my mouth is and hope to ride this out for the long-term with a much bigger position.
The whole U industry needs an ounce of luck for once.
Choice
They have cash backing of $50+ million so a base had better form...
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Mkt cap ! $149.3M | |||
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