I'm not sure if some of you guys don't read announcements properly or are just scaremongering, but for the sake of those who require more input;
"Subsequent to the quarter, the Company’s technical advisor on the Mokabe-Kasari Cobalt-Copper Project in the Lualaba Province, Democratic Republic of Congo (DRC), CSA Global, conducted a site visit. Ground work due diligence has been completed, including verification and fresh sampling. The Company expects to be able to report on such results in the near term. As a result of the site visit, CSA has begun work on designing a detailed ground-work programme. To allow for results and analysis, the Company has been granted an extension of exclusivity over the project"
Basically, analysis has begun from the ground work completed recently and the technical advisor for the project will report on it "in the near term". There's no need for a huge outgoing cash flow this quarter as it will most likely go to reviewing the projects feasibility to continue with a drilling programme. And hopefully mapping out a drill programme for the next quarter. I believe the DRC's wet season starts around April so drilling before the end of the year, providing the project is a go'er, would be ideal.
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