Ann: Quarterly Activities Report, page-22

Aw c’mon, that was way back in March. The shareprice subsequently collapsed and technicals deteriorated massively.

I changed my mind in the months following that post, mostly based on TA. No shame in doing so. Why remain committed to an opinion after its been falsified by the passage of events?

Currently though, I’m more concerned with the state of company finances and the prospect of a near-ish term CR.

If the upcoming scoping study does not deliver, I believe the next raise will need to be offered at a significant discount to the current price

This might translate into big dilution for current holders and substantial drop in share price. There’s a lot riding on the study. It needs to hit the ball out of the park imo

These are just my thoughts and speculations. But I’m risk averse. This is just the potential downside of this stock as I see it.

Tricar (who apparently assesses coal mine development economics as an occupation) has a more sophisticated assessment of the company’s prospects