Quarterly Reports

Assume we can expect the quarterly reports to be issued tomorrow morning.

I'm not expecting much new to be in them as it will just be repeating the recent announcements. Most interesting item will be cash in hand at 31/12/14 which will presumably be very low.

In their last quarterly they had projected development costs of $333k and admin costs of $476k with only $640k in hand. Would assume that the development costs will be very low as I don't think they have done much on the ground in last quarter?

Given that admin costs are approx. $150k per month the magna cash will soon disappear unless a sale is forthcoming very soon...