The first thing I said to myself when I saw the news is "What the h@ll can an exploration company do with 500K other than keep office staff paid for another  6 months!"

Really lets face it...24 million shares and you are no further ahead than you were 6 months ago!

The only thing that makes any sense here is a potential take over and everyone will end up giving up their shares for next to nothing.....not that they are worth anything today!

They should be haulting this stock not approving additional deals.