Looks good, plenty in the bank. But WHY do they persist in...

Looks good, plenty in the bank. But WHY do they persist in concentrating on an acquisition? They need to conserve their cash nd trickle it out on continuing exploration and BFSs etc - not blow it by buying some other dodgy outfit.

I will attempt to contact the company in the next day or so (work commitments here) and find out just why they have this fixation on acquiring something! Sounds like a very bad idea to me in the present climate.