What FUD.
We are just discussing the stock. When Sombrerro Butte was aquired there was plans to test it further (Titan survey, I think). As far as I can see, and please correct if Im wrong - we have really made no progress on that part of desert fox. All the focus has been on VD, which is fine.
I assume they took a closer look at SB and havent thrown money at it. There has been little news or progress regarding SB. Maybe it is a good asset, we have no info. Have they made the next installment payment, I dont know. I am making assumptions, not pretending to know anything as fact.
Im happy with any reduction in spending and everything they do to conserve cash.
It seems they bought it cheap, looked closer and havent proceeded further because it isnt worth the further expense. At least it seems that way to me. It would be smart to abandon something that doesnt look stellar.
Does everything they touch have to be great or is there hits and misses like all the other explorers.
Wow..way to go hoghead... First you say it might be a good asset? then you say you're making assumptions and not facts then you make a really big assumption that it doesn't look stellar and be smart to abandon it?
At least back it up with some facts.