Developing phosphate interests in the Georgina Basin, Queensland, Australia

Free
Message: Re: I am now convinced this is intentional!

This guy is making some very good points. The company is rapidly running out of money, spending almost more in a quarter than they have in total savings and the way it's going won't have enough to cover two more quarters. The share price has been in a death spiral for monthes now and has been breaking new lows. It also looks to me that everytime the share price bounces, it's met immediately with selling. None of this action bodes well IMO that a deal is immenient, as Management keeps implying. Even with all the talk about Queensland backing the project and hopefully Mt. Isa giving their approval, I don't think it's a given they can get a partner to further the project.

Share
New Message
Please login to post a reply