Crossed Trades, page-73

In my opinion, all indicators are pointing towards a CR. 

By end of quarter the company will hold approximately $1.3m cash and whilst they appear to run a lean operation they will need more drilling and studies prior to moving towards production. This will all require money and preparations must be in place to ensure the company is appropriately capitalized.

Its the dual edged sword of being a listed company as they is always access to capital but it does bring dilution to existing holders. Whilst most of us don't like it, I think that it is the best option available as it ensures the company remains debt free and unencumbered to banks or majors. 

The company presentation announced to market on 26th November - only 4 days prior to today's AGM was flag to me. I posted at the time that it was intended for someone. 

The company is in a unique position, very large resource of very HG silica sand, on the door step to Asia. Greatest risk to shareholders is a low ball takeover so its vital that the directors ensure we are well capitalized enough to move towards production. We are vulnerable to predators as a $50MC with only $1.3M cash balance. 

Will be interesting to hear from others how the AGM goes. 

All IMO.