clever move the jorc resource update?

They keep kicking that can down the road hoping it will become like a trump card when and if the resources small to mid cap market turns around.

Don't you like how they state they have $1.7m as at 30 June but we are now midway through August and according to themost recent quarterly cash flow statement the Comapny has estimated that cash on hand in just over 6 weeks will be $243,000.

I think potential investors can see right through this mob, hence my opinion that this company may be a great bull market punt, but let's face it we are not in a resources bull market and are perhaps probably 5 - 10 years away from another if at all.

So the appointment of a very good CEO is going to be hard to come by. Company has no cash - who in their right mind would want to take up such a position with a company that earns no income and has no cash reserves?

What's that unemployment rate going to go to according to the Austalian Treasurer?

This company is highly over-valued - my guestimate is by at least 2 times.