that quaterly update, page-6

"there NEVER was a cash issue all along...it's important to DYOR"


I would suggest that posters do in fact do their own research and that research should look at two things.

Will the company be cash flow positive by March?

will the company be able to fund the two new drill rigs required by March from that cash flow should it be there? (approx $15m)

If the answer to either question is no then the company has an enormous cash problem and they are well aware of it. To suggest otherwise is simply misleading.

But don't take the word of posters. Simply email Matt and Bernie and ask the question ot ask it at the AGM.

I still remain bullish in the medium term but be very careful with some of the stuff being posted. It is not my intention to be negative but we should at least be honest with our postings.

There is a cash issue...there alwasy was going to be a cash issue and to state otherwise is simply inaccurate at best.