disconnected

Tim Gooch has already admitted that the next 2-3 months will be crucial. Cap raising at 40 cents and we were assured that things were fine and how well the company had done to get things up within budget given the shortage of labor , cost pressures etc. This was followed relatively quickly by a cap raising at 20 cents and we were advised about how difficult it had been to establish operations in the current environmemt.

Banking arrangements to be reviewed in the short term.

Of course this stock will not be re-rated until we get consistent on budget production figures from Bronzewing and a trouble free production start up from Carnilya.

Bill05 has advised that the November production figures from B'wing will be below budget and if this is correct it will only reinforce the negative sentiment toward this stock in the short term.

Results not rhetoric are required before this stock will be re-rated.

I just hope they have sufficient remaining funds to achieve this.


Disclosure : Hold 250,000 options acquired at an average of around 23 cents.