Ann: Trading Halt, page-14

you raise a good point. my question is, look at last quart, they had $0.8M in the kitty, plus $1.36M raised in July plus $1.6M in CUR shares they surely dumped first chance plus some cash from management options (approx $0.4M) = $4.16M total cash. and this is ignoring any cash generated by WD.

now if you look at how long it takes from drilling to assays reported (2-3 months), they have done very little drilling since June 30 of the quart as nearly all drill holes are reported as at 01/09

so 2+2=4, no acquisitions, negligible drilling since June 30, we should be sitting comfortably to hopefully sneak above 7.5c in november and get those GBZAK pouring 2-3M into the kitty + rewarding LTH

so this makes me think the cap raising terms should be favourable since they can last a while with $4m cash when the rigs aren't spinning.. spend that time tinkering in the background and get those damn JORC updates out and wheeling and dealing WD sale and Smartset listing while the market is rubbish. let's see