RE:I see it in a positive light
As did with the previous (gazillionfold) share price devalue, other than that, what signs are there now that they will engage in serious drilling? It seems to me that the fresh money (the added shares) is to keep them doing what they have been doing for the past 24 years – running the business for self-supporting income generating at the expense of the one and only party that keeps them in business and listed – that party of course is the retail shareholder. Only weeks ago, why would they spend money to purchase worthless pieces of properties (in terms of mineral rich), instead of investing that money to engage in serious drilling at their existing properties?
Sure, what about drilling on that PINO land, you know, the carrot bait? I think PINO’s owners are waiting for the Contract they have with SSE to expire. They likely have other people, serious and trustworthy people, in waiting. Well now, under such scenario, what would SSE’s (their) “Flagship” property be, I wonder? Yeah, planning to own PINO 100%.