Yep money is tight and they look to have committed to spending a fair bit of it so will probably need a CR soon unless they can sell off some of the Ndongo tenement before exploring the next one. Also interested to find out how they value the must spend $XXX exploring within 1 year/2 years for some of the new tenements listed in the quarterlies. Given they own the drill rig so have substantially lower costs of exploration is it simply a you must spend that money or can you do some creative accounting and say if you hired the drill then the exploration performed would be equivalent to this for $y.
Hopefully they can bring some good news to the table to bump up the share price because if capital was raised at a discount to the current price it'd dilute existing holdings massively. Given that managements shares are coming out of escrow in Jan I'm hoping they'll be pushing hard to get the price moving in the right direction as with a salary cut they really need the project to succeed as much as anyone to see some returns.
