Agree. Someone was clearly selling leading up to the decision to hold off the Pinnacles, and now the selling has relentlessly continued. Management were good at selling the story prior to their last cap raise but it seems no interest in maintaining value for shareholders now that they have their money.
They have ample money in the bank for full tilt exploration. Get the DD rig running at Templar ASAP while the RC is still drilling crusader. Then have the RC rig move from Crusader straight to Templar then Branches. The funding for Paint is in, get something happening there ASAP. It's not like they haven't had the time or money over the past 6-8months to plan a fast paced campaign. Where is the magnetic survey of the gap and north Walbrook that was supposed to be out last year??
I'm as happy with the fundamentals of the company as anyone, but we are so far back now that the next few results will still struggle to get us even close to fair value.
Rant over.
Agree. Someone was clearly selling leading up to the decision to...
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