It is my speculation, but the decision behind to commence (well overdue) drilling campaign may have something to do with expected prepayment as I would be disappointed if financing is based on success of CR or additional loans.
We have ben exposed to lots of disappointing news but also positive outlook for 2019/2020 so I will leave my judgement for later.
For the time being, I just follow my past investments history which proved so far to stick around with well experienced management and do not let get fooled by market games or expectations of positive news only, at the stage we are in now.
A40 Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held