why convert options in january, page-50

re: money from yrr float this is it Hi Lordkoala,

Have had a look at the accounts and the cashburn has been very modest indeed, however, now that they have started a drilling campaign mid-November, I would expect the exploration costs to increase dramatically. 1st quarter cashburn was $140K and previous 4th quarter was $285K with only $128K of that on exploration and evaluation. Cash on hand was down to $330K as of end of September, so one would assume that they are getting extremely low on cash now. The $500K will certainly help (when are they expecting that) but it would probably be a bit precarious not to ask about the money situation tight at this point in time. Or am I over-emphasising the money issue?

Regards