re: Ann: Placement , Share Purchase Plan and ... Hi (Tommy31)He...

re: Ann: Placement , Share Purchase Plan and ... Hi (Tommy31)

He said if I wanted questions answered to call any time.
Very receptive.

Just to show the market they have no concerns about raising cash.Talbot ready to put in another $5 million.Plus he is giving you and I a chance to get more shares if we want them.
I think we could have news before we have to commit or not commit to the offer.
The other $5 million is being covered by the company who is organizing the raising as well if share holders do not want to take up their share.So they are assured of getting the $10 million any way.
So in affect saying $10 million is not a problem.

By the sounds of what he said about sending a small drill rig first to the Congo.They will identify areas of interest-drill and if positive keep going from one area to the next until they are satisfied they have a lot of areas of interest and then send in the big rigs.
I think they may drill for 2 or3 months with the small rig then between the end of June to August send in the big rigs until year end,4 to 6 months of full out drilling.

Regars
Westcott.