Back to the main event. If anything, the exploration budget needs to be slashed in my opinion to preserve cash. That deep hole must be costing a motza. A 10cm intersection, regardless of the grade is not going to provide cashflows now. Also management need to take an immediate pay cut. Its excessive renumeration for mediocre returns to shareholders.
How to raise money? 5c equity is going to be a tough gig.
This could get ugly.
TAM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held