What's really going on?For the past two years this company was all about the great promise of Batovi. They spent over $1M on an airborne geophysical survey, supposedly returning great results. More releases detailed stream samples and great indicators. Lots of comments like "drills are standing by", and "just waiting for the big-dog to point his finger on where to drill". Then they changed their tune because they wasted all our money on salaries / consulting fees / airborne surveys. They instead ran a pitting / auguring program to re-figure out where they should drill. No idea if that was ever done because they were broke by that time.
Jump forward to today: Batovi is totally out of the picture and the Metalex JV is what they will focus on. What about Batovi and all of those prime drill targets they took two years to find? I guess they realised there was nothing there after all??? That effort is now wasted as Metalex will consume all of their resources over the next 2-3 years.
What are their plans for the $1M they are trying to raise? Based on their track record, it looks like they'll dig a few holes with a pick and shovel and blow the rest of the million on their fat salaries and consulting fees.
Anyone have any differing information as I continue to get no response from the company about what is really going on.