I am also concerned about the options a the company spends $1m a quarter and they have just over $2m in cash. They need to bring a series of good releases/ announcements to the market over the next two months.
The first good announcement would be the shipment due this week backed up with further orders / shipments by the Asian client- one swallow does not make a summer.
A second good announcement would be the commencement of shipping to the Australian client.
If these two come in and theres a good chance they should do as Power issues in South Africa have affected base metal supplies and helped prices upwards thus helping pig iron nickel suppliers then cash flow would start improving and they could then drill the Platinum/Nickel sulphides at ACOJE.
With cash flow begining then more chance of Instos excersising options.
Also if manage to sell/ DSO Chrome lump ( Also affected by Power issues in South Africa) the Rusina would be well on its way.
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