Yes, it was you, Speccy 101, and I was re-thinking that maybe it wasnt a bad idea after all. They need someone to prod them on a bit.
Re "I think there is some movement finally on what they are going to with it)".
Good to hear, mate. No hint of what it might be?
Re " the results are going to start flowing in coming weeks."
Good to hear, Speccy,.....or is it? If the results are very ordinary, it wont do us any good after all this time.
Re " As to whether they are any good or not, time will tell, BUT you will get to see some (well before the Quarterly)."
The fact that they didnt paint a rosy picture for you implies that the picture isnt rosy and a backtrack on their bullish outlook (before drilling) last year. As you say, "time will tell".
re "While I know I am just some random poster on HC,...."
Not so, Speccy. You and Jack are the main men putting balanced contributions into our otherwise depressing forum....while Chicken Licken me ( "The Sky is Falling) plays Devil's Advocate. We all appreciate the sanity you guys contribute.
Re "I am slightly worried about their cash position, so, to be honest, I think they may look to raise near the end of the Quarter (prob not a large amount, maybe $6 million?) "
Guess it had to happen. Pity Posse couldnt finance the drilling. We Do still have credit with MacBank as an interim measure?
It would be a pity to dilute considerably by way of an SPP or placement at a low share price.....if the Juruena results arent good enough to lift that considerably before capital raising is required. If they ARE good, raising the required cash at a higher sp wont be a problem.
Thanks for that, Speccy. I will look forward to the flow of drilling results.......as I continue to hope that Juruena results were worth waiting for....
cheers
GZ
Yes, it was you, Speccy 101, and I was re-thinking that maybe it...
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