Post by
astrorbit on Sep 08, 2021 10:19pm
Drilling season ending soon OCT.
This company hires a marketing company in Jun and just drills.
Give investors a reason to buy.An update? 2 drills drilling yet?
8 weeks and...*silence.
Burn rate of more than 500,000 per month.(guesstimate)
Cash is running thin.<5m. Factor in 1.5m-3million for remaining 2021. Then the $1m payment to RG and 2022 will be desperate for cash.
Feb2022 warrants@.38 or new financing @.20? OR maybe the plan is to make the warrants expire and then release news to raise the share price.That would "STICK IT" to the previous management team. This would tighten up share structure.
News by Sept 29-30 then appear on Adcap Sept update on Sept30.
Comment by
ernesto47 on Sep 15, 2021 7:47am
Astro, dead right you are...this company is a joke.....if ever I see a bid, I kick it....they are dancing in the dark and we investors paying for it...its a shame and a big reason why the whole sector is getting weeker almost every day....too many darki sheeps out there!!!!!!!!!!!!!!!!