While a poor look (no argument), a whack from the ASX is the...

While a poor look (no argument), a whack from the ASX is the least of our worries at this point. As I posted a week or two ago, I'm strongly of the view our future will be decided in the next few months. It's either boom or bust. We're down to our last 5 months of cash (assuming drilling hasn't been wound back)& it would be difficult for the company to raise capital to continue to operate in the current environment. As I see it, the extension of the CATH agreement until the end of June is a strong indication closure (either way) is just around the corner.

A general comment about the pending class action. Unless our insurance company would pick up the tab for potentially a multi billion law suit (highly, highly unlikely), it's a waste of time because the company at best has $100m of assets (cash & drilling equipment & other mining infrastructure). Equivalent to <3 cents per share.