A year on..., page-2

Hi all,
trawling my way through present holder comments, and exercising a bit of commonsense,
to guess as to what's going to happen this coming Tuesday, two things standout:

1. There is going to be a Cash Raise. This is to be done by appealing to bigger and more astute investors !
So not me ..:-( ...but this method guarantees quick access to a pile of cash, that would take too long were it to be done to all.

2. This is based on an as yet unstated and undisclosed fact - that the next drill results - look promising, real promising.
And that this requires, a quick re-drill followup (hence quick cash).

Summary - given this double positive for our small company (Investors don't part with their precious cash easily in this investment climate) and they would only do so, IF, a promising drill result were to occur (or had very recently happened).

This again re-affirms several things about FAU's Management - they're conservative with cash management (we don't want to run out of drill cash) ; they're quick to act if a good situation presents itself; and they're still entrepreneurial and bold when it comes to obtaining potentially great leases.

I am feeling good about FAU come Tuesday

Bluequartz