Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-10

The Quarterly Activities and Cashflow report is out.
In a word DISAPPOINTING.
If that seems harsh, then try UNDERWHELMING.
Still no drilling results which suggests that the first assays (supposedly from the Western Target) are disappointing.
As a result, they have not been released in the perhaps misguided hope that a couple of holes at the Central Shoot will be better.
And no surprise, the rights issue shortfall has not been placed.
Trenching results are what you put out when you have nothing more substantial.
Trenching results do nothing for an MRE.
Trenching is what you do when funds are short and you don't want to disband the exploration team.
Where is the rationale for optimism?
Please someone guide me!
DDD