these guys are unlikely to do much drilling. cap raise coming...

these guys are unlikely to do much drilling. cap raise coming for sure. will need to be relatively dilutive to get enough $$ together to do a decent program. i expect they'll skin it again go for some (more) regional activities, some sampling and maybe, just maybe a couple of RC holes (no deeper than 250m or so though).

the wasted potential here is phenomenal and for one i lay the responsibility for the inaction at Dave MacArthur's feet. for those that doubt me - i suggest you pop along to a shareholder meeting and ask him a few questions.

bottom line: in 3 years they've drawn out at least $750k a year to basically do very little. whereas the neighbours have all been active.