Ann: March Quarterly Report and Appendix 5b, page-16

I find it little funny how the quarterly report is interpreted. Everyone is saying CR coming in the next few weeks. The number of quarters cash available in the report is misleading most of the time. It only looks at the expense rate last quarter and doesn’t take into account what sort of expense is planned in future. I had recently read one quarterly where the cash available was sufficient for 20 years and to be clear it was penny explorer not a producer.
there is no way they need CR in the next few weeks. A lot of holes already been drilled awaiting essays as you mentioned.
and exactly true why would the directors exercise the options if they are not confident on the potential.