This is a company with assets: Big Hill and the processing facility.
What it doesn't have is cash.
If it continues to burn cash at the current rate the debts will cancel out the assets: end of story.
The only light at the end of the tunnel is the fact that the Company isn't accepting defeat. Hopefully this means they believe they have some prospect of pulling through. So, delta charlie "all is not lost" may be true but it's been looking pretty grim for too long.
HAZ Price at posting:
6.4¢ Sentiment: None Disclosure: Held
