RE:Back to work August 6The company effectively have no money to advance their projects. The current management team have not been able to increase shareholder value and have barely been able to keep the lights on through low share price offerings which are highly dilutive and effectively are nowhere near enough to finance any drill campaigns even though they have their permits in place.
Its another failed year for this group and for shareholders sake , I hope they are looking at all options, including selling their assets to another group that have the financial ability to prove up resources and increase shareholder value.
The company has very good assets but is currently in difficult financial shape.