Ann: Drill Rigs Purchase , page-17

Sungar


we have all been waiting for actual drilling for quite some time, promised JORC drilling would be finished last year
the world economic crisis has put a halt to many projects.

if this is real then it is very positive,
but the trouble is CVI/Smyth has lost a lot of credibility, and it is a bit like the boy who cried wolf.

the market would have taken this very positively if not for the above sentiment.

But again the announcement was light on for detail, when will the drill rigs be delivered, start of drilling, and what cost and how do CVI come up with their share, or is it paid for by the money CVI has already pumped in to Fortitude.

Many questions that should be listed at the AGM.