Ann: Fraser Range Land Holding Increased, page-9

Charliek,
I agree we are all p'd off with broken or delayed promises. I was merely suggesting a possible reason why. You stated in your reply that a cap raising at current SP would create a massive dilution. Imagine the dilution of a CR at half the current SP which would happen following a failed drilling program.
This is only 1 of many penny dreadfuls that are in this position. I know because I am currently holding many of them.
The so called Mining Boom we had was only a handful of large Iron Ore companies mainly. We are still waiting for a recovery in the low cap explorers which I have read may start to happen selectively towards the end of this year. Nickel has been mentioned as the possible driver so lets hope so & good luck to all. Cheers.