Ann: Notice of General Meeting/Proxy Form, page-5

This would seem to indicate to me that management believes more funds need to be raised in the next 12 months


They might have to and Tom Ullrich said as much in his interview on Crux “they’ve already raised $10mil they’ll probably have to pick up a bit more”----drilling costs a lot and when you're ready to mine it unfortunately you have to help it out of the ground and that costs money too. If you want to look at CR's over a long period of time for no result have a look at RXM, one of many, many companies that raise and spend on admin, marketing, they look after themselves. AW1 seems to be able to raise money when they need it and they spend it where it's needed, exploration! I'd be long gone if this was a potential lifestyle company. If it is Mark Bennett invested here through a family member then I doubt he'd be too thrilled if they were wasting exploration money.