Forecast of $14M profit in 2023? Really? This company forecast a profit of $14M in 2023 on their latest presentation. There is no way in heck that will happen.
In Q1, they lost $1.6M on sales of $1.6M
In Q2, they lost $.8M on sales of $3.1M
This year's drilling program is just getting started, so it will be a while before it yields any results. There is no guarantee that it will not be a failure just like last year's drilling.
I am beginning to think these guys have no idea what they are doing.