Sure, that is consistent with what is going on out there - but what is of concern is that these guys had the same problems when money was being handed out like candy back at the height of the credit disaster in the making.
If this project is so good, why hasn't Xstrata and other big holders offered to step up to the plate or at least a consortium of these guys step up and help out?
Now I see URL wants waste another 400K on exploration. Why? Enough has been drilled - why spend it up again? Does this mean that we are going to get hit up for more share issues? Are they drilling more - because the Roseby project as it currently stands are unviable? Time to look at the hard facts - there is just so much that has not worked out. This is one shaky prospect at the moment, it could go on either way in my opinion.
I want the hard questions answered by this lot - what on earth is going on? We will eventually find out when the credit storm blows over.
URL Price at posting:
19.0¢ Sentiment: None Disclosure: Not Held
