Last year proved that getting drilling results out quickly is...

Last year proved that getting drilling results out quickly is not their forte.

Something happened last year that slowed everything down. For about the last 6 months we've had regular updates & a wealth of information, and plenty of results from Kempfield.

But there was a very long period last year where it seemed nothing was happening, and I think the leadership was distracted.

If we had been able to get the resource upgrade at Kempfield out a couple of months sooner we'd be raising at a better price, or even may have got the options in the money.

I hate over-dilution, so hopefully ARD will not be issuing 100+ million shares or something.