re: Ann: Dec 2012 Quarterly Activities inc Ca... It is clear that there would have been less cash than the previous quarter as they have commenced 4000mtrs of drilling which is paid for so New Britain will be drilled now, and IMO very little cash will be used for the coming quarter.
My take on this will be that New Britain will come up with even higher results on a much broader range than Golden Peak, as this is a porphyry Copper/Gold target,and then we will see a strong price rise followed by raising of cash at far higher levels, in fact the options may surprise us all and be in the money giving MGK plenty of cash.
On top of that we should see strong JV interest at New Britain with good drill results and Amazon Bay partnerships developing.
This IMO is why directors are buying so this is Just my take on the current situation.
Lets see if this is how things unfold over the coming 3 months.
Cheers
Rob
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