Ann: AGM Presentation , page-25

"It would be sheer stupidity to throw money at anything high risk before we have cashflow from Grieve."

I agree with your statement DiamondJoe but they have been saying they are considering a high risk/high reward venture.

Now that they have cash in the bank it seems like it is burning a hole in their pocket and they are itching to spend it.

I agree to do the core well and continue with the work at Ash Creek but regards to anything else I would prefer they slow down (unless they can buy into a prospect at a bargain price that would add value). Once Grieve starts to produce, a bank loan will be easier to get and that can be used to fund any number of new ventures.