There is always the annoying (but at times necessary) habit of small caps using good news as a platform for cap raises rather than allowing the SP to run.
Quarterly will be telling. If we have enough in the bank to finish the drilling program, then we are golden IMHO.
I'd like to see at least $3M in the bank. Revenue should take care of the rest. Anything less and its too close to the wire IMHO.
arrowhead broker report 48c conservative tgt, page-4
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