It was asked in the last thread. The repsonse to the ASX query...

It was asked in the last thread.

The repsonse to the ASX query shown some light on shrot term plans.

1. No drilling in the next qtr
2. Possibility of drilling service to other companies to generate income.

Good and bad things from this information.

Good: One, the company is looking at alternate streams of income in the short term. Given the number of drilling rigs we have, it could be a short term viable income stream and fund our own drilling? The contract we had previously with Newcrest at market rates free up cashflow to fund other exploration activites.
Given the market management is looking at not furthr diluting current holders with raising at this dismal level, which we all appreciate.

Bad: No drilling. Without good drilling results we wont build any momentuam. But this decision maybe from additional reserahc of current reslts and weather(?) in PNG during the next quarter?

Unknown:
Selling of captial equipment: Barge and boat. Given they were purchased to ferry equipment to Andewa, what is the future for there? Long term plans and current assay for extended trench works. I would have thought they would have been released. I guess formatting is taking longer than expected?