At first glance, what concerned me about the response from Ljubojevic, was that drilling budget has doubled from 2,000m to 4,000m but he is 'not able to provide exact cost figures'.
So, Ljubojevic, are you flying blind on costs here after approving this budget blowout? Who is banking the drilling fees? Any conflicts of interest here that need to be disclosed?
Who is actually managing this company that they don't have a grip on their cost base?
I can't wait for the qtly cash-flow report.
RDN Price at posting:
0.4¢ Sentiment: Sell Disclosure: Not Held
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