Is there a light at the end of the tunnel? Does this company have the ability to attract financing and fund exploration to the company’s tenements? Or is this company on the brink of collapse? The market cap is down to about $4m, which is taking into consideration the capital raising at $1.20.
Posts here have dried up. I am making an educate guess that they are trying to get a private investor to chip in money or alternatively look for another company to join a JV. I think the former is more likely.
RDS Price at posting:
15.0¢ Sentiment: None Disclosure: Held
