Ann: Press Release: Mt Hagen Project , page-6

Rogerdat

EDM raised $1.5m when 378m shares @0.4c were issued.

Related parties owe $1m + which I think the current management should call back.

A structured payment can be negotiated with Baita mine. Once the mine is up and running with cash flow, loans can be arranged, a CR when the SP is back to a decent level. Then a consolidation.

In the meantime, I think the SP will continue to go up riding on further drillings in Burkina Faso. Once there is a JORC, I think EDMOA will be in the money then ;)
Until we have Baita, I think EDM will track the MC of PDI
closely. Probably at 40-50 % of PDI's MC.

Next rainy season is June 2012, I expect PDI will plan to complete the drilling program and have a resource estimate before then. Well, That's what I hope anyway.

DYOR