Seems like the market is waiting for something, i.e. a Rossing...

Seems like the market is waiting for something, i.e. a Rossing update.

On the 25th of Feb they had 3 drill rigs working at Rossing and reported good hits, now they have 2. IMO it looks like they have hit what they wanted to at Rossing, waiting for results or something along those lines, and have moved the third rig over to the Ida Dome to aid in the JORC announcement for later on in the year.

I feel this as the market didn't really hammer in buy orders today around the announcement of the quarterly. The Rossing info was old news from the 25/02/08 announcement, well the way i read it anyway?

The quarterly was due and does indicate that they have enough cash for 4 more months of drilling at currrent levels. These guys are going to be busy over the next half drilling and negotiating!

I would imagine a share placment for the cash, probably taken up in fully by our new partners, i mean firends who have recently bought.

Anyway, should be fun over the next month to see what is happening :)