Yep !
They are on the nose & they know it !
IMO it has become far more important to conserve cash to ensure salaries are paid as a priority over everything else.
If the group has the capacity to reduce operating cost structure then why the hell don't they do it. Still got 4 directors i notice. Beggars belief as to what they actually all do. How long has it been since anything was drilled ? Oh that's right they have been undertaking further surveys to better target the next round of drilling. Got to find that glory hole.
As for being able to attract JV partners........ well its pretty bloody obvious no one is interested. At least not on the terms Sipa is or has been seeking.
Even some of the exploration companies run by tenement traders ( for their own benefit ) are doing more meaningful exploration & have a better market cap & share price performance than Sipa. Unbelievable but sadly true.
Add to My Watchlist
What is My Watchlist?
