Ann: Change of Name and Exploration Season Update, page-15

Im just checking where your head is at, and in some ways I agree with you - it's high for what has amounted to 6 months at a reduced tempo. What Im getting at is trying to establish the reason for your frustration, and Im guessing its the sliding SP. Like you said if we were at a 200mc with a plan forward youd be happy. So is it the expenses or the SP? sounds like the SP is the main source, secondary is the outgoings, but Im with you that its high.

I though they stretched the cash pretty far before the CR so they might have 'massaged' the numbers a bit so as to allocate future CR funds to previous expense, if you get what Im mean.

I thought the MD coming straight in on that number was questionable, no working history etc. maybe the options were used as a carrot to motivate him, so lets see. I want to see prphect and company development, but not sure what else to realisitcally expect at this stage. I at least expected some closure with the NT Govt, instead we just get a new trigram for our renamed company which is lacking all forms of appeal. Im not excited by his appointment by any stretch.

I think we will all have a better understanding at the end of this year because it is a full calendar year of operations.
Going forward, lets keep an eye on those numbers and what they reflect in terms of operations.