One could argue about that now. Infill drilling is expensive -...

One could argue about that now. Infill drilling is expensive - if you are wrong - you burn cash without end. What a resource with half a million tonnes CU equivalent is worth - can be observed well at Kalman. Not much....and quite a lot has already been drilled there.

So the only option is to be careful with the resources (also in the interest of the shareholders) and wait for one or two really exciting developments that will drive up the SP, attract new investors and provide the floor for a CR at a much higher level. The funds then collected can actually be used for an aggressive drilling programme.

I agree with Spider 75 that the pipeline remains interesting. What is missing is one or two breakthrough drilling successes that fundamentally change the market's view of HMX. Then Kalman would also be worth something and the market cap would be much higher. Without "surprises" (be it something visible or from the lab or something else) it seems to me that the SP could crumble further. The volumes of the last 4-5 weeks are among the lowest in a long time.

Market sentiment in general is not particularly exciting - but very subdued. Swimming against the tide is an impossibility.

There should be a few more announcements in August. Don't really know how exciting they could be or how they could positively influence the SP. Does anyone see any potential for surprise?

The results (from the lab) for Hardway, South Hope, Pomerania, Bulonga, Tourist Zone,Overlander Central and Kalman North - are unlikely to be available before October - maybe even later.

I think. What is going on with this Western Australian Aboriginal Cultural Heritage legislation? I thought it had been scrapped, so why do they still need to assess it?