I know Ernst is incredibly careful about where raises money, for issuance, and by extension how he spends it.
a major part of the board bust up centred on raising or not at 4-5c
this is the 2nd campaign since the mgt restructure. and as you prob know they had DC tails planned, but for technical reasons [drilling conditions] didn't do them.
I know he wants to DC test Julius Deeps, that's the goal, but he's been very cautious with money.
and it's only the been last campaign that demonstrated a Deeps target. though the mkt largely ignored it. prior to that it was just a theory
in the mean time gold-explorer funding has basically been closed.
with luck we'll get the assays, for the mkt interest, for the new issuance >20c, for the money to DC test Julius Deeps properly
EAR Price at posting:
11.0¢ Sentiment: None Disclosure: Held
