Ann: QUARTERLY APPENDIX 5B CASHFLOW REPORT, page-58

I'm inclined to agree here.

The slow news pace really doesn't help us here, even though I do feel when news comes out, it is generally of good technical quality.

But anybody who is currently following this stock knows that the news pace around here is far from rapid fire and that a CR is all but an inevitablity at this stage. We simply just don't have a huge amount of cash in the warchest right now and whether we drill or not, its only a matter of time before another raise is gonna have to happen (probably in the next quarter if they wanna do any significant drilling this year before the rains come).

Nobody is keen on catching a falling knife, particularly if they don't see it going anywhere anytime soon or think that there will likely be a flood of new shares on the market in the coming months at an even lower average price from the CR.