RE: Brad14 Oct 2024 20:44
Looking at it from a different view a traders view, they may buy in see sp rise and top slice the profit, they rarely stay long in a share quick to get in and quick to get out, Theres many traders on here and I think the Dr will be taking some profit at 10p to safe guard his cash but also leave some here to see if it builds.
With how the shares price has performed in past most of us will be taking some profits when share price zooms. We know for a fact that the company will need lots of cash to drill drill and drill alot more, Brads words. We know cash burn for wages is around 2m per year and we know that other projects will need at least 1m or 2m and we know that Anza drilling by our ex partners was around 4m per year so thats at least 7m minimum per year we need if we drill on multiple sites we will need twice or three times that some.
So we desperately need a partner with deep pockets who will pay for drilling and cash payments for keep boards wages going and also we need to raise money for the other projects.