Ann: Quarterly Cashflow Report, page-44

yes pj I also agree and thought that a CR during the program may "kill" the beast a bit BUT in every sense the results should take a good part care of that and not be as dilutive as it would be now, but it will depend a lot on how management handle the CR - timing, discount and how much they look to raise. Also the drilling will probably produce an asset that can be borrowed against so maybe a massive CR may not be necessary - there may be other alternatives given such an asset will inderpin the mkt cap - I believe the mkt will not value these discoveries as a solid asset until the 2 appraisals- and of course this dip in sp and worry over all manner of things is a classic time in many a discovery form oilers to metals when the evidence is sitting there looking you in the face but it is hard to see through all the negatives - hopefully the discovery will now speak for itself and all other matters will be resolved ( easier said than done)