cashngrab,Please read yesterdays announcement;"Balamara has...

cashngrab,
Please read yesterdays announcement;

"Balamara has approximately $2.8 million cash in bank as at end December."

"The Company will commence with further drilling at Monty and Bogdan as detailed above during the March 2012 Quarter and has sufficient cash to complete these programmes as well as meet other requirements.

We are not running out of cash......

I'm a glass half full kind of guy, so I expect the share price to be a lot higher post drill campaigns.

I guess by May or so we might need working capital, and I suspect a CR may happen around then. I guess it could be a rights issue, but who really knows?

The Company has been drumming into the market that there won't be a CR at these prices. The Directors don't won't to be diluted as much as we don't!

I suspect there is a bit going on in the background re financing, particularly with Monty.

From the announcement 12/12/2012

"In addition, Sultan is considering all options with regard to the financing of this project. Monty has already attracted interest from several parties as an advanced base metals project."

There may be a consolidation at some point, but IMO this won't occure for a while.