a guess at a possible timeline and why i think it might drift to...

a guess at a possible timeline and why i think it might drift to cash backing:

the latest time for the meeting to approve the share and oppie allocation for the purchase of dateline will be at the end of jan 2013.

they cant even start drilling until after they have acquired the project and that cant happen until the shares and oppies have been issued in jan/feb.

i think they are doing some due diligence now, i can only guess. this will include the conditions set out on page 8 under the heading 'transaction details' in the hoa ann on oct 22.


the next announcement should be about the exact date of the meeting to vote on the approval of the share and oppie issue to acquire dateline with its project - or not.

correct me if i am wrong here.

that director converting his oppies is a mystery to me.