I would like to see this stck take a turn for the better but...

I would like to see this stck take a turn for the better but with outgoings still much higher then income can not see that happening:

Quaterly report September 2012 had esitimated outgoings of $396,000 made up Exploration and evaluation $208000, Development $38,000 and Administration $150,000.

However what do we see in December quarter as outgoings:a total of $659,000 made up of Exploration $104,000, Development $300,000 and $255,000. Income of $137,000, plus $63,000 from investments for a nett loss of $459,000 for the December quarter and no reason for over spend on estimation. Why did the administration cost $105,000 more then estimation, why did the exploration and development cost $196,000 more then estimation.

With only $722,000 left in the bank and if current cashburn rate stays the same then only enough cash left to last next two quarters quarter.

Time ASIC looked into this incorrect / false reporting

DYOR