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Thats a good theory as I've been racking my brain as to why the results are not comming out of the lab. From all accounts very good results are expected, so why the delay in releasing them!!!?

The quarterly says that "they have not been released from the lab yet".

The companies cashflow as at the end of December shows A$ 247,000 in cash and A$ 199,000 available in standby reserves.

Given the monthly cash burn of A$ 300,000 - 400,000, January must have been a tight month and they may well have held back payment to the lab until the next round of fundraising.

If true, then its a bit short sighted on the part of the company because they have had to raise funds at 6c now, whereas the share price was closer to 10c in December and I can only imagine the drilling results will have the effect of nudging the price up even higher, so why wait for a crisis!!?

Is this their style, is this their problem, is management flawed, is this why the shareprice has not moved out of its lows for 10 years and the dilution is now 3:1 since 2000?