they should have gone straight into drilling / resource definition mode .... without the break for programme 2 .... and now the break for christmas / new year.
They have approx. 9 million in bank ... they need to build momentum so this can get replensished at the best possible price. Drilling a couple good holes ... going for a break ... coming back drilling a couple more good holes ... going for a break .... just doesn't work with the short-termism of the market.
Now that is probably the fault of the market ... but at the end of the day we all want to make money ... so the more momentum then the higher new money will be bought in at. The hurdle to "keep drilling" 24x7 has been met in my opinion .... ie they have a definite discovery.
disclaimer; the above post is placed in the spirit of the forum where small holders get to swap their opinions despite probably being wrong so do your own research.
AOP Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
