You need to question why they even thought it necessary to present, on the basis that they can demonstrate minimal field success over the past year.
Their own words:
1) "A$25 million cash" 2) "More than adequate to cover budgeted exploration for 3 years (non success scenario)" 3) "Flexibility to self fund success scenarios."
+ corporate financier on the Board with local funding avenues???
Had a bugger of a time putting my Xmas tree up last night - I expected it to "light up like a Xmas tree", have to find which one of those bulbs is faulty, I guess a bit like exploration.
If they don't find their Nordic bulb within the next 3 or 4 drills - IMHO looking at 18 - 20c which could be a significant average down point
S2R Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
