ajostu, i agree that you need money to do anything couple of points we do have money 26 million yes we do need to use it wisely as fmx rider said if the NTgovernmentallows us to fast track OP & lets the other tentments like idle this year, this will give us the best bang for our buck. to think that the npv of 257 million at current resource could not be expanded by a factor of 3, from the 3000 metresof trenching results ( more than 4 times the amount of trenches from the 726 metres) so based on the scoping study we can pay it back in 5 months of production & it is only 27 million, not 270 million. banks would be lining up to fund a deal like this. or a jv parnter to bring in the cash,we could sell a bond that could be converted into a share or we could sell one of our tentments, there are some many options. yes the market is sour at present & i never thought i would get the chance to pick up shares again in the three's however i am. i personally think that people are being a little over the top to say we will not get funding.banks are still funding houses for half a million dollars on income of 100k before tax that we live in,and that really only cost us money while we hold them. so to ask for 27 million and pay it back in 5 months. i know if i was a bank manager at present where i would rather place my bet on 54 homes or a plant for a gold that pays break IN 5 MONTHS WITH POTENTIAL TO THE UPSIDE. p.s pety888 vendor is still trying to find the 500 million shares for you.
ABU Price at posting:
3.6¢ Sentiment: LT Buy Disclosure: Held
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