Thats right because unfortunately they have nothing on the cards...

Thats right because unfortunately they have nothing on the cards from that report.
They dont seem to be using words that bring any confidence.

I like the fact they have $30+ million cash though.

Are you using this cheap SP opportunity to average down Forty?
If you have the money and are confident that they will be producing 2nd half of the year then,you would only have to get the SP up at around $1 to be able to get out with all your capital.