Has anyone learnt, page-22

I have to agree with you @bigmahn. With everyone here, including myself taking the latest announcement to be a positive one it also gives us a heads up on what to expect in the coming quarter. In my opinion the $1.2M at the end of June, would have been all but exhausted leaving little or no cash to fund the planned drilling at Mt Berghaus and Wallareena.

In my opinion we may see a slight pump in the SP with the upcoming announcement updating the resources at Wingina, followed by a CR announcement to fund the future projects.

"Preparatory Feasibility Study" is a fancy term mining companies use, which is nothing more than setting the budget for the project, deciding when and where to drill and whether it would be feasible to undertake the project at the current gold price.

I for one, will be watching, how the SP reacts to the upcoming announcement and decide whether to stay or exit and reenter once the CR has been done and dusted.

DYOR, this is just my opinion.