bjhof1,MHL has $357,000 cash and some promising leases in an...

bjhof1,
MHL has $357,000 cash and some promising leases in an under-explored part of the world. Estimated exploration costs for the current quarter are $120,000. Which means they are just treading water at the moment. MHL are relying on someone else (Sentry/$13 million) to kick in a load of cash to kick-start the oil and gas exploration. D-day for the JV is early July. I hope that D-day will lead to a Normandy Landing and not a Dunkirk Disaster.

As for the Uranium JV with Leopard, nothing is happening at the moment because MHL doesn't have any cash. Some rock chip samples are being assesed, but no drilling.

I guess "vertical" means up or down. I'm feeling positive about MHL. Welcome to the rollersoaster ride.