RE: 88e price action6 Jan 2019 18:49
Invested in a junior explorer with no income I am very pleased that our MD is a specialist in placings, without $ we would not have four projects to look forward to.
As long as the bulk of that money is invested in assets with potential and that potential is exploited then I am OK, the bulk of the lease purchases happened 2015-16 when we saw advantage in protecting the HRZ venture, 2017-18 has seen much less acreage but the establishment of conventional prospects at Icewine, WINX & Yukon, with modern 3D also at Icewine & Yukon.
Life is full of compromises and perhaps we could have accelerated the drill programme either HRZ or conventional and passed upon the Yukon /ASRC/WINX and GBP fire sale but my view is that the options we now have are more valuable and realistic FO opportunities
Remember our history, remember what the priority of our jv partner was and indeed what was the initial priority of the jv was.
No money no action I am afraid, just look at GBP, this is junior oil exploration.
Just my opinion.