few more tests to come, page-26

There're some reasons that I decide to hold NRU:
1. The company keep planing for 15 holes. It's clearly that in their reports quality of coal in most of holes is similar. If the ash can't be reduced, they won't waste more time for drilling program.
2. A sample can't represent to the whole of coal. The sample was collected in severe winter condition (winter in Mongolia from 1 December to 22 February with -40 oC - -10 oC). That reason is suitable for the inconclusive result. The company can choose the best sample for other test easily in next 2 weeks that is with better temperature. Choosing a sample is their own job. Nobody can manage the choosing process. So, good sample will give good result and collecting a good sample is not difficult for them at all.
3. The company need more capital to keep doing their business. The company's cash in bank is now $924,000. The cash spent for this quarter is about $350,000. If they can't increase capital before next 2 quarters, they may put themselves in risk. So, they have only 2 ways for increasing their money. First, they issue share by exercising their option. Second, they issue share by selling share to investors. If they choose the second way, they will increase much less cash than the first way. They will only increase about $1,000,000 compare to over $2,000,000 for the first way. Therefore, they should push share price that make sure option can be exercised. So, they need to play a game of shaking tree to make sure no more speculators can affect their pushing price job.
4. The 3 funds of directors bought more 8,000,000 option at $0.03 Jun 2013 in December. This action is very similar to a case in August 2010. After 5 months of buying these option, the share price pushed to 3 times. If they don't believe in upside of share price, they don' pay any more for those option.