RE:RE:RE:RE:RE:RE:RE:RE:Cost Reduction Measures And New Director
In my opinion it is not a pump and dump. The company needs money urgently to keep the listing going. President has been scrambling to raise money from current shareholders by way of a. 01c Pp that can only be sold to current shareholders. As I understand, a good chunk of the money has been raised but not all as far as I know. Once the financing is closed the company needs to figure out how to get the share price up and raise more money to get the drills turning. The one positive I see is the bids coming in at. 05c as this indicates to me that someone believes the company has secured enough funds to keep listed for now. Only time will tell. If they are successful in stabilizing things then it could move up a few cents over the next little bit.