hi guys,I see we have hit 10c! some nervous nellies out there....

hi guys,

I see we have hit 10c!
some nervous nellies out there. (small volume trades only)

Imho sp has been hammered a little too much lately.
as some posters assume "Firb Approval"announcement should be around the corner.?

Some suggest cap raising which i beleive highly unlikely in this environment?
As per to recent announcement from the coy which gives me some comfort :)
"With the exception of the facility, the Company has minimal liabilities and its assets are
considered readily saleable. Those minimal liabilities are minor compared to its assets and
access to the facility described in the release supports the Companys future operations."

thats a tick from me :)
i think the coy is just idling at the moment.

i suspect the rounds of announcements will consist of the following in the near short term which may or will? have an impact on the sp:

1-FIRB APPROVAL? :)
2-Drill readiness and timeline spud WA-360-P ?:)
3-Succesfull Farmout Vic/P41? :)

So can any intelligent investor trader can provide me the negatives/RISK? and if so ? WHY? i would like to know.

for me here on..... at these prices = low risk BUT HUGE REWARDS maybe? time span short term, few months;
Reward= up to 5 bagger pre spud.
dyor; No advice is given;