Hey GZ. I think it might have been me in regards to doing a J/V with Borborema (as yet, the company does not believe this is the best way to increase shareholder returns, but.... I think there is some movement finally on what they are going to with it).
Also, I got a chance to speak to CAS recently, while like you I have been disappointed in the drilling progress to date (I made my feeling about this to the company), the results are going to start flowing in coming weeks. As to whether they are any good or not, time will tell, BUT you will get to see some (well before the Quarterly). While I know I am just some random poster on HC, after the conversation, I am comfortable with their progress overall... sure I am impatient, but... then, aren't well all.
I am slightly worried about their cash position, so, to be honest, I think they may look to raise near the end of the Quarter (prob not a large amount, maybe $6 million?)
If they do an SPP, I will be fully supportive, but I wonder if CAS could have had the forethought to simply let the Chairman put cash into the company with perhaps, convertible notes etc, instead of him just buying on market a while back... did nothing but push up the price for a short time. Hmmm
Hope that helps GZ.
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