Ann: Eldore Acquires African Gold Mine , page-22

expenses coming up :
1 expenditure March quarter to pdi
2 services related to LGM in Zim
3 Interim director's fees
4 only $33k in the bank at 31 December 2011
5 last quarter they only care to raise money to pay their salaries.
already lost PNG Projects,copper gold mine in romania after blowing $3.7m and walking away,if they are not able to raise capital more dilution on the way for burkina.
I fell sorry for share holders,

PDI announced that it had achieved the 60% earn-in on 29th August, 2011 although the $2 million
expenditure had been completed earlier. By the end of November, 2011, PDI’s cumulative expenditure on
the permits had risen to $3,444,060, resulting in cash calls to EDM totalling $635,386 (GST included).
Given that EDM has not contributed to the $1,444,060 in joint venture spending after the $2,000,000 milestone was passed, its interest is reduced to 27.9% as outlined under the terms of the HOA.

Sentiment sell: because interim directors are old amigos from aex (poor record)
DYOR..... moonrocks on mars! thats the go!!!