Balanced view is understanding that the company is not in good shape currently
The company has a window to improve the SP prior to another CR
The geo knows the region and the people and customs
There have been some decisions made to keep the company rolling at the price of its SP demise.
IMO they would have everything ready for a drilling campaign @ Croydon, an aerial survey over CM and possibly some drilling there also.
None of this will beging until the rights issue has been completed IMO only.
Just have a read of SIR and its announcements. They were down to their last cent and last drill hole and they hit the bonanza and now are riding $2.5 SP at the mo and thats from around 0.01..... so
Once again I re-iterate my position regards to company fundamentals.
Company valuation is at 22 mill compared to the SP Valuation currently @ around 8mill
CM and Croydon and Furrgie
Croydon as a dark horse and CM with the potential to be something huge like Wafii
The possabilities are there
Yes HIGH RISK but potentially high reward
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