Time is exactly the point Leng
At June 30 the position was
13Mill cash with a requirement to spent 6Mill on exploration of their leases in a period "not less than one year", My point being that as at June 30 2008 they have spent 19 of the 21 raised from the canadian issue and were down to 13 mill with 6 mill already committed.
Another way to obatain cash would be for the directors to exercise some of their way out of the money options.... That WOULD get my attention... Methinks Nathan McMahon ex opes may not be in quite the position to do this however.
Nice move up 21% and depth,, like one said 100K would see the SP nearing $1. Go on Tibbs here's your chance..
Time is exactly the point LengAt June 30 the position was13Mill...
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