$12 sale, page-6

Quarterly is released in the next couple of weeks which will give us a more appropriate figure of cash position. Its obviously going to be low but they will simply say that they project future quarters will have a highly reduced cash spend as all they need funds for this year is salaries and administrative expenses as the only exploration expenses will be to collect a few rock chip samples at best and say drilling delayed this year due to permits and then the wet season. They will need to raise cash and the market knows it. Is just a matter of pre consolidation at .001/.002 with a free option or post a 20 or 50/1 consolidation.
Management main concern is to be able to raise the $10 million over the next 2 years to pay themselves and the associated entities for the lease. If you read the fine print in the purchase terms of the lease it’s an absolute cash cow for members of INYATI CAPITAL AND MANAGEMENT who own the lease.
The current options are close to expiry which allows them to do a major consolidation and issue new options and then another rinse and repeat to a new bunch of shareholders and investors as the current ones have woken up to what’s going on and are sitting on considerable losses