In July it seemed the only thing holding us back was the ASX, well that's what certain posters lead us to believe. You got the feeling the funding had all but been arranged, and the next step would be shareholder approval.
While all of this was going on the drills were supposedly firming up a jorc at Yellowstone and hits of 8% plus were whispered on this very forum - we were all going to be millionaires! (BTW I'd still like to see that jorc, there's no reason not to release it to the market)
It does go to prove the old adage - If it sounds too good to be true it probably is.
My guess is we see the SP drop back to the 20c level on listing, with less funds in the kitty after a heroic attempt to buy Yellowstone, and that multi-kilo silver resource. I'm sure Ross Smith is quite the deal-maker but funding the above was ambitious even in the best of markets.
cheers and good luck everyone DJ
ROS Price at posting:
35.0¢ Sentiment: None Disclosure: Held
