On 8 Feb, 198m (for services??) and 85m (working capital) shares...

On 8 Feb, 198m (for services??) and 85m (working capital) shares were issued at 0.1cps.

230m have been sold on market since then. There may possibly be quite a few millions sold by the lemmings as well.(sorry :)

So I assume maybe 200m were from the new issues and the rest of the 50m+ are stacked in 0.2cps

The new options issued have an ex price of 0.6cps by 1 Dec 2013.

Other than less than a million cash owed by SPS, EDM has 28% of Burkina Faso with the operator PDI having the other 72%. The drilling was completed in Dec. Further drilling is being planned this first half of the year. D

Due to July wt season in BF, the drilling program should be completed before than. This round of drilling should have a JORC for Dave East.

Gold was detected in over 18km of stike length and still open to both directions.

EDM is not about to go under with cash still owed by SPS (interest rate at 10%), no staff, 28% of BF gold exploration, a deal in progress in Zimbabwe (a deal is a deal :)

If BF has a good JORC, EDM could have an MC of at least $10m by June/July or 0.5cps

All good. Just need some patience. :)

JIMO

DYOR