support for bronze11, page-119

it seems to me that there ought to be three focal points:

1. improving transparency of operations;
2. extending financial vision from next 10 minutes (and foreseeable fees) to a longer term producer financing structure/s
3. clarity and discipline in terms of corporate and contractual relationships vis a vis CTR & RRS; CTR & LAR; RRS & LAR.

IMO the existing BOD do not have the interest or acumen to transition to the above ideals. Hence a change at the top of the dung hill is inescapable. PL is up for election next AGM ... if he last that long!!!

Right here right now , some clarity re cash position would help. You would think after the A4 saga there would be plenty of ctr data re drill costs, but I couldn't find them. Maybe some on the forum can help.

Below is my WAG at where the cash position might be 31/3/14.

It seems to me that the key cash risks are
(a) daily drilling costs; and
(b) the extent to which RRS does or does not make a financial contribution. I think pre the agreement that RRS is to contribte 15% of costs moving forward. Unliklely they have simply because they can't...

Any suggestions as to what a sensible daily rate for drilling might be?

Have a good one.