how long?, page-37

Interesting thoughts shadder... Subsequent to the quarterly activities report (on 30 April) which outlined the the program going forward, QPN have not released a announcement for non-institutionalised capital raise. It has now been well over 2 months since the announcement. Having identified broad dates, surely if a capital raise were the only option, it would have been announced prior to 30 June so that they would be in an advanced stage of their progress. The money would have been in the bank by now, if not prior to 30 June and drilling would have been well underway. Accordingly, IMHO managements silence indicates that a capital raise to the general public is not the only option on the table, yet a more strengthened long term structure is being put in place on an institutionalised level...