Ann: AIS: Torrens Exploration Update, page-26

There have been several delays on this project no question about that. But this is the first time we’ve actually heard from AIS a legitimate timeline and plan for the drilling schedule rather than the ambiguous timeline they’ve given to date. They are driving the project now, not ARE so there’s cause to feel optimistic this schedule will be kept too.

After the initial disappointment that drilling won’t be this month, one must be realistic to think very little would have been achieved anyway with the Christmas and New Years break. I think longer term investors will latch on to the prospects here given the new information and now they have some time to build their positions at an even lower price than they would have.