They are running low on cash based off their quarterly. As stated by them they only have enough for another 1.8 quarters. This is a sign to not buy on market right now because chances are there will be a better opportunity in the coming months.
Chart wise MACD is starting another red move on the daily ( i dont usually use this, but when it comes to small cap resource stocks, definetly worth looking at the bigger picture. If you zoom out, everytime the MACD goes below 0 then it stays there for a while.)
Chart has support at the 3.6-4c range and that would be good buying personally, but right now based off quarterly and drill results (terrible in my eyes besides 1 hole) for context, i dont touch any gold prospect unless they hit 80m or higher, because costs involved (as seen on tnr's quarterly) become too much. MSRC083 for anyone that wants to look at the report they put out on 27th April.
Chart wise MACD is starting another red move on the daily ( i dont usually use this, but when it comes to small cap resource stocks, definetly worth looking at the bigger picture. If you zoom out, everytime the MACD goes below 0 then it stays there for a while.)
Chart has support at the 3.6-4c range and that would be good buying personally, but right now based off quarterly and drill results (terrible in my eyes besides 1 hole) for context, i dont touch any gold prospect unless they hit 80m or higher, because costs involved (as seen on tnr's quarterly) become too much. MSRC083 for anyone that wants to look at the report they put out on 27th April.
