ARE will soon be running out of money at current cash burn...

ARE will soon be running out of money at current cash burn rate.

They had $2.77m cash at end of quarter (31/12/2012).

That money will possibly see them get to the JORC announcement (by end of quarter as per Lindsay Owler’s estimate).

This JORC announcement will be critical to ARE’s survival.If it is any good, ARE will announce a private placement to “sophisticated and professional” investors and a rights issue to current shareholders. This has been ARE’s “modus operandi” over the past few years.

If I were running the company, instead of private placements and rights issues that further dilute our shareholdings, I would prefer to raise the initial money requirements by selling outright all of ARE’s rights to Laos, Lake Torrens and Alford, as well as selling ARE’s remaining shareholdings in Musgrave and Blackwood Resources. Why have these distractions if it is "game on" in Zambia?

However, if this JORC announcement is not well received ..... oh dear!