Send in the clowns! Couldn't figure out how to attach it to an...

Send in the clowns! Couldn't figure out how to attach it to an email so they faxed it, now barely legible. You can just make out the Tusker cross-section inserted under the Debawra deposit and scoping study put back to September quarter.

Only a couple of small changes from the April pressie, but I do like their attention to detail. Cash down from $8M to $7.3M in 1 month, with no exploration activities undertaken. More impressive cash burn than even the $700k spent on exploration ($1M total) in the March quarter to assay 4 holes.

If the audience isn’t impressed by their well rehersed disappearing trick (Zara deposit first and now the cash) and in the absence of any high-flying share price trapeze act maybe we’ll be lucky enough to see the “ring” master get mauled by lions (disgruntled shareholders).

As predicted, last results show Emba Dehro is too deep, low-grade and sub-economic (no Oly, you can’t just add the gold price equivalent of assorted low-grade elements and call it 4g/t dirt). As predicted, share price got no traction and is churning back towards 8c as the confetti script is played with by the traders.