Ann: Multiple Cobalt Anomalies Identifed at Skuterud, Norway, page-13

I have a look here from time to time since I sold. Thought looked very cheap at current SP...lot of shares hitting the market, do you know what price they have been paid for or are they freebies?

Couple of things I don't like at all:

From June Qrtly
▪ Strong cash position at 30 June 2018 of over $3.7 million with a tight control on overhead expenditure

Plans for September 2018 Quarter Skuterud Cobalt Project, Norway
▪ Analysis of soils and mapping for target generation.
▪ Continued review of geological and geophysical data sets
▪ Assessment of data to plan further potential drilling programs. Lainejaur Nickel-Cobalt Project, Sweden
▪ Interpretation of geophysics and recently acquired historical drilling data. Project Opportunities
▪ Ongoing review of additional project opportunities to add shareholder value

Can't see anything that is planned for this Qrt that could trigger SP to move north.

Then, this put me off altogether, announced 2 days ago:
▪ Berkut remains well funded with cash of $3.7M, placing it in an excellent position to review additional project opportunities

We are already 2 months into Q3 and they still quote $3.7mil cash in the bank...ok, they estimated outflow for this Qrt is $230k, but the didn't allow anything for exploration&development.

Am I missing something? What do you guys see as a potential SP catalyst...this Qrt is nearly up, then the next Qrt will chew up some fore funds and then there might be just enough left to do a drill campaign.

Any pointers appreciated.