Yes the cash position of the Company is what is known as the "elephant in the room" while we have seen praises being lauded in respect to their new sites and the huge long term potential once they find anything, the Company has always had a cash problem. Yes the accounts have been noted to the extent of a going concern, it has had to and will have to rely on further capital raisings, from either existing Shareholders (not much success there), or from new investors. So you are correct, as I see it, in your comment.
MPJ Price at posting:
1.0¢ Sentiment: None Disclosure: Held