Ann: RC Drilling Commences at Paguanta, page-32

Don't forget the last day for small share holder retention notices to be lodged is the 26th April. There could be another 50 million shares come up for sale after that date. And that potential 50 million shares have to be sold within 8 weeks so participating shares holders can be paid out. Then the potential for another CR not long after that.
I still can't believe the board would have contemplated the small share holder sell off at this time if they didn't think they had some pending news that would have at least maintain the share price where it was when the announcement was made. What they save in administration costs will be far out weighed by the loss in company value. Here's hoping they pull a rabbit out of the hat in the next few weeks.