trading halt, page-15

Omegaoil your post makes no sense, first you say a trading halt means only 1 thing and that it means a capital raising ( a ridiculous comment in itself) then at the end of your post you say you are only assuming its a raising and guessing....?
Then you say these clowns ned plenty of cash but then you say if it falls to $1.50 buy until your head falls off...i wouldnt buy stock from any clown...but I also wont be listening to a clown like yourself's future postings on this thread

Also.. the co stated today they have about 17 mill in the bank...that would last easily for the rest of the year at current spending rate.
I think its fairly obvious that they will try and raise money either when they really need it, which they dont right now, or when their share price is substantially higher, after the jv deal if they need it
A JV partner will increase the share price no 2 ways about so that would be a good time to raise cash...but me thinks the jv partner will more than likely give them a big cash injection so raising money shouldnt be a problem for some time yet.
Alternatively , the only other reason i could see them requiring cash right now is for a takeover as they were purported to be looking at a co recently but fairfax beat em to it....dunno why they would bother though they have that many oppurtunities they still havent exploited in their own backyard!!


How about putting some more thought into your posts