Ann: Further high grade gold paves way for Resource upgrade, page-14

I thought the news was a bit underwhelming given what was needed to re-rate this stock and support an increased SP. I predict a 10-15% drop off on the SP based solely on the "dull news" event, and possible CR at lower prices. They will be running out of cash in 8 weeks and probably need another $5m in the next 8 weeks for the period ahead. If they raise cash at sub 4.5c this stock is going nowhere for 5 months. They'd be better to announce a JV deal with a mining group and start producing gold and pull up on the Cap Raises. Just my opinion. I thought we were going to get a real kicker this month end and the SP would run to 6-7 cents. Not so it seems. We are on the way back down.