No cap raise this time around and if there is it will be in house with share holders involved.
Last Qrtly
Cash position as at 31 March 2011 was $2.101M.
Joint Venture arrangements may yield and/or provide capital to the company
The Company believes its strategy of pursuing joint venture partners and farm outs to fund planned drilling and ongoing exploration will assist to conserve cash and minimize future equity dilution to shareholders.
That would make the above a lie.
Okay i will play May 27th is my guess. 25Mill At 9.5c
QMN Price at posting:
9.4¢ Sentiment: Buy Disclosure: Held