Ann: Quarterly Cashflow and Activities Report, page-29

not a lot of cash left if they want to drill and we are almost half way through this qrt. I reckon they'll need to start the raising process in September. Thats the issue with this share, too little cash and constant requirement for capital. They should work hard to partner with someone with cash and take a royalty. Then off that income build up a resource without dilution. Once resource is proven, partner again (taking a bigger slice) or raise capital then. Its a merry-go-round with nothing positive on the horizon. Low Mkt cap and constant cap raisings = a share perpetually in the doldrums.