Unfortunately the big problems with small explorers in these markets are "how much money is in the bank"? Do they have enough funds to continue with drilling? WHEN will existing funds be exausted and WHEN will the next capital raising be incurred? At what price will these explorers access additional funding and what dilutution will be incurred for existing shareholders? Can they access funds?
A lot of hurting out there for many explorers with limited funds in the bank? Been hard enough for the good ones with cash on hand for some time now! The ones with large cash on hand and large resources will survive the long run.
Cheers and good luck holders.
sinking, page-5
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