There July 2016 presentation shows thay had a cash balance of $21 M, your question surely suggests there account is really flush. The biggest question remaing as noted is "Why". Seems like they have spent over $1 M in the past year, maybe prospecting, geophysical [air and ground] surveys and even drilling on West Timmons properties.

There share price has been maintained in a narrow trading range [ $1.10 to $1.15 ] since the closing of the AGE aquisition and before that in a $0.70 to $0.80 range for about 1.5 months. What keeps such a trading range in place when no news re what the company is doing other then accumulating exploration properties. Well now they have $26 M in cash so have to believe there is substantial news coming re drill results from AGE works prior to the merger or works on West Timmons ground. Holding