Ann: Trading Halt, page-54

If the SP starts running gets up to 10c on Pennikat Drilling expectations they'd be silly not to raise. That would reserve current cash and holding LT deposits at bankable interest rates and give the capacity to fund a new project or the long term exploration of Pennikat and Rana which is not funded by BHP. Most likely forget that the Rana landholding is large beyond Bruuvan and still under explored near port and behind the mountains of Bruuvan where good copper samples were found. The CR talk is likely due to me. But it ain't happening unless the SP moves significantly I wouldn't imagine.