E25 6.00% 23.5¢ element 25 limited

drilling at peak hill and callawa, page-5

  1. 3,548 Posts.
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    aswon4
    Going on previous drilling I think we maybe able to drill 15-20 holes and that would leave about $600k in the bank until as such time the company can raise more funds.
    If they can get a few really good strikes that will create a bit more interest in the stock and wasn't there some talk re possible partnership or something with the manganese.... A bit of cash flow to keep the company in business and drilling as many holes as required.
    They have recently taken on 2 more staff, so you don't normally do that unless there's something worthwhile for them to do.
    There could be a few things going on behind the scenes that we the S/H aren't presently privy to.
    Regards
    Dabru
 
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