are we lost!!!, page-4

I asked Tony why does THX keep doing all these small drilling programs across multiple sites and he told me "we can’t hold off on all other sites as we have to make sure that the annual expenditure commitment is met on each tenement otherwise we run the risk of at best, fines being imposed, and at worst, forfeiture". I'm sure this is in addition that they are also building/testing out their models on each of the sites at the same time.

So IMO that explains that.

I got the clear impression that Red Bore is a priority once the AGM is out of the way as that should see approval for the sale of Hayes Creek and the issue of the shortfall to Phil - the company will have a bit over a $1m in the bank.

So AGM is in a few weeks and then we should see an announcement re drilling to commence at Red Bore shortly thereafter (hopefully).

And (another) reasonably bullish article on uranium. No point getting excited IMO until the spot price gets closer to $50.

http://finance.ninemsn.com.au/newscolumnists/greg/8794081/uranium-activity-picks-up