Ann: Quarterly Activities Report and Cash Flow , page-2

re: Ann: Quarterly Activities Report and Cash... Interesting they are looking to spend nearly 25% of the remaining cash at bank on Exploration & Evaluation for the next quarter. Add reduced admin cost of $500k and there is 12 months left of cash in the bank at that rate. Something tells me they may be scrambling to prove up their reserves over the next 6 months to increase the value a predator will need to pay. A capital raise would be very difficult in the short term with how the last panned out. Someone looking to buy them out is not looking to pay for cash in the bank hence the decision to put that to use now in a gamble that MEL in its current form may not be there in 12 months time. Just a thought anyway.