News: CAD Caeneus Minerals appoints Teven Elliott as MD, page-11

You must look at all the ducks first. The failed POS was paid out before they raised more cash. The directors have all put their hands into their own pockets. They have brought in Steve. They have reduced all the tenements that will sidetrack them and now they singlemindedly concentrating on their two core prospects. Pardoo is nickel that has been transported and deposited. They believe that the source is nearby and close to the surface. If this is the case and they do locate the deposit then they and we are on a winner. They obviously have faith in themselves.

Counter to the above, they will have to raise more money to fund the 2nd quarter. And Nickel is a good way down at the moment. But a little unrest somewhere will trigger the nickel price.