Ann: Drilling Update for Mt Alexander, page-136

I agree with you wholly about a CR. There was never any doubt about an imminent CR. The Quarterly report indicated 1.15 quarter of cash available. Even allowing for very low expenditure in January, It is likely that the cash will be used by the end of April/mid May and there is no way that the company is going to trade insolvent, So... yes, a CR is imminent. Its just a matter of ...what will be the raise price?

Of course, a decent intercept in the current drilling would help massively to get the raise price higher.

Mulac1