I am with RNI on this one, it is definitely a long term investment with this stock, I for one would not be selling out on Monday at the record low prices of 11.5c - 12.0c because even if it doesnt get back up to the .20c - .30c Highs of last year I do know that it will eventually rise to a more stable high teens (this is just my opinion). I do continue to top up at these lows.
Management has been slow to give announcements but one must consider giving them the benefit of the doubt, if they do not know the exact stats on well 202, they cant very well announce these stats. Though a "we do not currently know" announcement earlier in mid Feb might been better than waiting until this time.
I look forward to more info on well 203 and further mining prospects in other leases/countries.
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I am with RNI on this one, it is definitely a long term...
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