It seems to me that this is a buying opportunity:
- We are near a 52-week low
- We have better drill results now than we have had in the past, and they just keep getting better
- We will soon have the money to action the work that has been done to get the product out of the ground
- All of the investment advice I read is that energy and mining stocks are the best bets in this market.
The price now is about the lowest it has been in the last 52 weeks and I think it will be the lowest it is going to be in the next 52 weeks and beyond.
Do your own DD, but it seems to me the price is very attractive given the potential, and the financing clears the way to turning the potential into product and revenue. I am not saying there is no risk, but the risk/reward ratio is pretty attractive to me at these prices.
I just now added at $0.86, and I am confident that I will soon be happy that I did.
Cheers,
Bluenoser
