Ann: Company Strategy Update and Board Changes, page-50

This is not true - CPM has done active drilling during first 2 quarter, has completed Govt funded exploration 3rd quarter, but as a junior explorer their initial drilling could not intercept economically viable discovery except king solomon in the prior year.
In my opinion, now Board might have realized that adding more advanced project will help CPM to increase the possibility for potential discoveries and to add value for shareholders Investment, then drilling for discoveries. I can wait, but I believe the material acquisition will take place before the Christmas.