9.6 Million Spent.... That's right. The company has spent 9.6 million to provide 28 holes of results.
No exploration drilling done. Just expansion drilling.
Not one single hole even close to the discovery hole. In terms of grade and width.
Discovery of multiple cross cut faulting relationships that may have displaced deposit in many places that are not uniform to the 421 pod.
To summarize. They spent a boat load of money didn't really exapand the project materially. Next raise will be cheaper than the last, which means shares outstanding are getting just a little away frl
us here. Especially given that SUNM is a single project stock for the most part.
I took it on the chin late here. Erased a sizeable chunk of my original gains. Can no longer trust management to do what's right for shareholders as the allegations of insider trading activity are very damning. Like destroy your reputation kind of stuff. I would like to know who was sent that report on January 6. First Monday of the new year. Just toooo convenient for me. Someone had a week to get out ahead of the carnage. That should infuriate investors left to hold the bag.
long term can this change? Yes. But I'm not about to wait for the rabbit to come out of the hat, it may be months before drills are turning again.
Too many beautiful much cheaper fish in the sea to eat, than this rotten cancerous one.