$10 Million to find Something more than we expected, that not enough to recoup the initial outlay; but can't get to the surface anyway
$10 million dollars that would at this point secure our future.
These guys are always putting the cart before the horse.
I could forgive this hole being a miss as long as it could ever have been a company maker.
It isn't. It never was!
Yes you can throw the old chestnut; "that's the oil game Sonny". Well You guys are missing the "business Development 101 point". You never spend capital you need to deploy elsewhere to survive
The management group have shown no understanding of how to run a listed entity. They just do not deserve all the fatalistic love you all heap upon them. They are a laughing stock
That why we are a laughing stock
Get on with the cap raise!
EGO Price at posting:
31.0¢ Sentiment: None Disclosure: Held