Ann: Woodlark Mineral Resource Update - Grade Boost at Kulumadau, page-7

Delphi and most majors kept their holding at last Capital raise at $0.02

However, most of these guys bought in at $0.30 and I really wonder what's the end game for them.

Current Market cap is $13Million.

Cash: Around $4Million + $20millin in project long lead equipment (available for sale) = $24million

Next bidder can put takeover bid at 3.5c (cash equivalent and take the company for free. yes, pretty much pay 100%premium and still pay nothing??)

PLUS, they are going to receive a deposit with 1.5 MILLON OUNCES of gold (for free).

PLUS OVER $200 Million in accumulated losses, half of the building already done, infrastructure, etc.

Go figure

The market get into unloved or overbought, nothing in between.

When will that change? Am I wrong? No idea. But my guess is a takeover by year end.