RE: Ashton23 Apr 2024 13:25
LWHL. What I see, other than a need for cash, is a strategy that seems to be changing (potential acquisitions, Helium, petrochemicals) and with each day that passes further diminishing the likelihood of any drilling on Disco (if ever it was a possibility).
Perhaps the cash raised will last a year, but we don’t know the current run rate nor what had been spent on redundancies. We can also observe almost no interest in junior miner/explorers unless they happen to be involved in the current flavour of the month (be it uranium, lithium or dare I say it helium). Just look at metals one. Haven’t done anything wrong as such (not by JAYs standards) and the SP isn’t very promising.
Strategy? Try and keep the lights on without flogging your best assets for a pittance. Hope things get better or AA decide to boogie on down to the Disko.