trading halt, page-22

Ok lets run with your drilling theory Shimmer before everyone panics and the annoying snipes come in with their annoying told you it was too good to be trues! Lol! I dont know so will read it as I see it. We are led by two astute, nice but tight as the day is long blokes. If you were breeding the uber tightwad a corperate banker crossed with a Scotsman would be a good place to start! Lol!
Taking that as a given and the fact the guys have done a wonderful job so far and have a lot of skin in the deal so everyone wants minumum dillusion. So dont expect to see much new paper. If they raise one mil or even two mil at something in the thirties what do we get between 3 and 6 mil new shares? A couple of percent dillusion. Nothing really.
Why wont it be more? Well first we have to theorise what is it for. I reckon Shimmer has it, the boys want to drill the bejesus out of something and I think that something is called Ngulla! If so this is a wonderful thing IMHO. They may also wish to fast track TRP but my guess is most of this will be focused on Ngulla. Those four deep holes were enough to demonstrate to me and more importantly to the market what is almost certainly down there. Look at the way the SP behaved after the announcement of the four deep holes. The market loves Ngulla and if we are working to drill it quicker it will respond accordingly.
Which brings me to the next step of my theory, which i am making up as I go. Why will it be a small raising. Well we have enough funds for housekeeping so this is for something extra. We have enough for basic drilling so to my mind it must be for extra drilling. Thats what we do right now... drill, the more and the quicker the better , to my mind.
So whats going to happen dear comrades when we do a
heap more deep drills on Ngulla? I reckon we should find a heap more really high grade REEs and god knows what else. What will this do to our SP...Send it skyward IMHO. When will our next largish if needed raise happen? Then after we have firmed up Ngulla.
As someone from a long line of fishermen this makes perfect sense to me when the fish are there and the water is boiling get straight in and catch them. I think this will be a very positive thing.. to speed up Ngulla and or Three rivers would be great news. And for those who say anything raised in the thirties is too cheap what short memories we have. Two weeks ago we used to dream about the thirties. I hope shimmer and i are right and this is for drilling I cant see what else it could be for..then
after Ngulla and three rivers are firmed up I am thinking numbers with only two digets might be a distant memory..

All IMHO
DYOR Tretch