pump coming into consolidation

From today's ann:

"The Company has commenced investor discussions in Europe and Australia and further exchanges will be held with research analysts, investment bankers, and key international and domestic shareholders to further strengthen the company?s shareholder base and to maximise shareholder value ahead of recomplying with Chapters 1 & 2"

My guess, as others have posted, is they are looking for a 4c consolidation (5 into 1).

Also of note:

"The Company has also selected a drilling contractor to commence the 20,000 metre drilling program in September 2011 commensurate with the start of the dry season. Field survey work including the layout of drill lines and equipment mobilisation has started. The target for a maiden JORC resource remains at 31st March 2012"

So a delay to rig drilling but not the JORC due date. Suggests they'll be drilling this thing flat-out (24/7).

Looking forward to the shaft results in the meantime.