they had 2.4mil in the bank (31 Mar07) then made a oil agreement (for it Sacremento proj) which it received 1 mil cash and no future lease expenditures...while still keeping upside potential.....it will use the cash to further define its Redcliffe drilling proj....market reacted positively to the grades...which neighbours with NAV....currently has 845 mil shares on issue....prob a more than i would like but comparative to other similar species....i am expecting a couple of ann this month...Major Shareholder interest....grades upgrade for redcliffe and nambi proj....and ann wrt to JV with Goldfields....all of which will push this up to over 6c ....current MC = 30mil....
PRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
