ground hog day continues, page-16

They've let the cash tin run down to 5c with a $5m budget for exploration & development next quarter. If ML is shiting himself he's not letting on (page 7):

"The previously announced Dubai deal will fund future increases of gold output through the current capital works program".

Then nonchalantly adds:

"As the focus now turns to production and becoming cash flow positive by June 2009 it is expected to see a reduction in development costs during 2009"

My initial impression is ML has planned it this way all along. I hope the Dubai investors did their due diligence better than me, and are acutely aware of what's happening.

Rowingboat.