RE:RE:RE:Pennex DrillingMarty that's a no brainer!
Another miner entering into serious negotiations with Rockcliff Metals to acquire some or even better, all of its assets, because they are so great, would be a major mover for the share price!
But even if such discussions were underway, even now, how would we know if they are happening?
Rockcliff management and corporate insiders make all such decisions since they are the majority owners of the company. They don't have tell retail shareholders, anything at all!
Just be glad that they throw a few tid bits of information our way! Press releases are part of the bargain that they have made as a public company, so they may continue to make new financing deals to still stay alive!
But they don't have to be completely straight with shareholders about what their future plans happen to be.
At least, some money was probably spent productively with the drilling at Bur this Winter season. But now it is Spring and Winter is past! The Winter drilling program is over!
While we wait for the assays from Bur, the company is now planning for the next Summer exploration campaign. Available money is always an issue and that may limit what may be accomplished this Summer.
But if conservation of capital helps keep the company solvent in the near term and without a significant roll back in the share price, then I guess that we can't complain too much at this time.
At least the penny flipper is happy! He is still making a few dollars, while the rest of us wait!
All the best! Java