Hi Mate,I'm not in the know either.Here are my thoughts:Results...

Hi Mate,
I'm not in the know either.
Here are my thoughts:
Results still pending in WA. Activity in NE Vic still to be reported. Left field ann still possible.
~$7m on hand - less whatever has been spent this quarter (minimal)
Reported next round of drilling activity to ramp up in WA in October. If aggressive, this will need a war chest.
The company has always been frugal with funds ... SOI support that, after more than 10 years with no capital reconstruction.
POG on the nose, which surprises me given global uncertainty.

Issue:
If we want to go hard from Oct - Dec, we need funds to progress plans. How do we get these without uncharacteristic dilution?
We either need good news or ..?

Right now, I think we are between a rock and a hard place. AT may pull a rabbit out of his hat, but if not, we either need to pull the trigger to progress things (prove up corridors 2,3,4, Paint, infill drilling etc) and dilute at ~20cps or, be strategic and wait for higher prices and progress at a slower rate.

The NE Vic projects could be the best chance of a surprise ... and its been a while since we have had an update.

We are at the bottom of the lassonde curve "speculators leave" stage in the sp, imho, so we either need to raise and move ahead to prove more or, need something from left field to put renewed interest in our projects.

I think the ball is firmly in AT's court and we need to trust him to pull the right reign for all of us ...

JIMO,
Perdy