mining news article, page-6

time to step down from the mast But only temporarily so can enjoy my R n R !!!

We have already arrived at Ithaca Gamias ..... unless shareholders wanna vote "no" at the EGM to approve the cap raising haha. Just a few of Penelope's suitors left to kill at the pivot and then methinks we are off again.

U r right about the rowing, let the yanks do it now. Reckon all them who probably were in the queue waiting for a dole-out were shocked with the yanks swooping the fell the way they did hey? Thats prob what Malcolm's extra 10 mill bucks is about (?). Might have to dole out a few for a "taste".

Cant see that being anything other than "good politics" cos 53 mill bucks has gotta be enough for all needs to internal cashflow generation from oxides. Unless its for a U-circuit to have in the shed just in case (?) Nah, we'd hear Jason's screams well in advance.

So for the newbies and in a nutshell, guess we can say we soon have :

(1) around 107 mill shares fully diluted;

(2) 63 mill bucks CASH in the kitty;

(3) no debt;

(4) no hedging;

(5) no secured creditors (cos no C-note);

(6) fully funded capex for oxides plant (+ additions?);

(7) start of 5 mill buck exploration program with priority of JORCing the Rum Jungle Uranium FIELD.

All we need next is for Jim Dynes to catch whiff of the nuke-powered Ark and we cruise towards the next Olympian marker buoy or three (1 marker buoy = 110). Any subscriber in here to give JD a nudge about the two US mega-Olympians making their first probing buys in our emerging resources supermarket .... espesh the RJUF section? Jesse would smile from the grave.

But what of the oxides PER u may ask? What a classic cosmic smoke and mirror act u might think, predators kept away in confusion til the arrival of Olympian reinforcements! An Olympian classic of great proportions for mine. U could almost be forgiven in thinking it was divinely pre-ordained !

Anyway I aint interested in anything for next three weeks except my meeting with Zeus in the clouds. Tho dont get into too much mischief cos I might find a Himalayan net cafe to visit yas from haha.

Olympians ... The Ark is in your good hands. Dont bother me till i come back in my Trekkie garb. But maybe Laser will re-emerge from the hold meanwhile. He's been sleeping it off in there since the last marker buoy haha.

Bravo Olympians. Zeus be praised !

IMBOOC