Disappointed....more information neededAt the lack of an update from the Company to provide some confidence in whatever progress the company is making. Based on the share price we have to ask ourselves why is there no buying when the company would appear to have so much to offer ?
It would be so healthy if the company would provide full details of the progress that is being made in both Sri Lanka(most important) and Quebec. The definitive agreement calls for $$$$$$$$$ to be spent to fulfill the terms of the agreement.....presumably if everything is as good as it appears to be the Company should be able to find a major invester to participate on a joint venture basis.
Clearly a business plan has to be in place and the company should not be dependant on an investor who had an incredible deal at 3 cents a share providing private placements at 5 cents a share. this is causing unnecessary dilution and lessens the shareholders confidence in the ability of the company to either find a partner od finance the Company's projects at higher levels.
I am sure a lot of things are happening but the share price will only go lower unless the Company provides more disclosure as to Sri Lanka including clarification of the situation in Sri lanka related to the Sri Lanka Times article.
so much potential here but we need more News