The quarter and the financial year close today. In summary, the highlight from the last three months has been Andrew Graham's geologists and their Federation offset drill result. However, neither development of Federation or exploration can drag the share price into the twenty cent range.
A lot of people and money are sitting still waiting and watching. The race is on between micro and macro. Will Aurelia bring Federation in with cash flow's gushing or will the Macro overwhelm everything. The most exciting hint will come out today - either a last minute exploration result from Andrew or the debate between Sleepy Joe and Selfish Don live today at 11.00am on SBS.
Andrew's geologists can drill into Fort Knox, but a civil war (pray not) in USA, returning Lebanon to the Stone Age, or tactical nuclear bombs in Ukraine will sadly set the tone.
Andrew - Give us a great exploration result to take our minds off the gloom.....!!
Ann: Federation Project Update, page-22
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