Ann: Cosmo Metals Raises $500,000, page-2

"The Board is taking a very active, hands-on approach and has reviewed a range of project opportunities in the past few months, rapidly determining projects that do not fit the corporate strategy and progressing assessment and vendor engagement on others. This is an iterative process, so whilst there are project opportunities that the Company is actively assessing, at this stage there is no certainty that a project
acquisition will occur in the near term."

It was just eight months ago that CMO announced the acquisition of the Kanowna gold project. This is after spending a year assessing a range of opportunities.

In an announcement only six months ago "The potential at the KGP is compelling with proven gold mineralisation adjacent to the world-class Kanowna Belle deposit including headline drill intercepts of 18m @ 5.3 g/t Au and 10m @ 4.7 g/t Au."

It would appear that the Kanowna phase 1 drilling results were so shite that the stated "follow up drill planning underway targeting recommencement in late August to early September" has been put to bed, and what was compelling six months ago is no longer compelling, we need a new project.
Lol.