The market isn’t seeing value being added fast enough with the remaining cash. Couple this with the terrible sentiment for gold and gold developers of all types and it doesn’t look promising for the share price going forward.
If there is any conciliation prize here, it is that it’s pretty much the same across the board for these junior explorers/developers. Many are having their prices cut back to the bone. Saving one’s pennies for bargain hunting and timing will be the key.
BRB has just blown some shots off from the starboard side and missed the target with the market so is currently sitting exposed in the water. It really needs to come out with some money shots soon or it will become a price taker at the time of the next raising.
It really also needs a POG of plus $A1,700 to become attractive IMO. Esh