it was a huge mistake to start an expensive drilling campaign up...

it was a huge mistake to start an expensive drilling campaign up at Alligator river project while they keep having to raise funds at these levels to pay for it. It is incredibly dilutionary and is killing the share price. What is really dumb about it is that even if they have exploration success, the share price will still not go up due to the poor sentiment around uranium stocks in general, so there is absolutely no upside for investors in regard to alligator river in the short term. They should have waited until sentiment improved, then if they had good drill results the sp would have pumped and they could have raised $$ at a higher price. In the last cash flow statement their estimated cash outflows for the quarter just finished was $4.6 Mil, which by my calculations will only leave around $2mill in the bank as of now. That wont last them till xmas, so another capital raise coming very soon at god knows what price. The alligator river purchase has been VERY expensive for VMY shareholders.