Why don't you go away and think about it a little more.
Upon exercising the option to acquire the tenements, the company said several times that acquisition would be finalised in the "coming weeks" when in fact it was 'coming months'. If they truely belived it was going to be coming weeks then they should have put it in writing with the vendor. If they KNEW that it was going to be coming months, then CEO misinformed the market by claming coming weeks. This misinformation and constant delays killed the SP. If the company said "aquisition to be completed by years end" then shareholders (including myself) wouldn't be complaining about 'coming weeks' and all the delays, and the SP would probably be in a much better place.
From my understanding CEO had to acquire the tenements by 10-12 Dec. They should never had said coming weeks and should have negotiated to commence drilling once the option was exercised to help keep the SP at a reasonable level for the upcoming capital raising.
CEO Price at posting:
0.0¢ Sentiment: None Disclosure: Held
