this week, page-6

zipperlip, well with all those donuts and beer, I'd be surprised if Rodney doesn't have a gas problem.

But seriously, given what he's told callers (ie. still drilling; sent an email for an update; waiting on a reply), I'd be staggered if the quarterly doesn't give a reasonable amount of information about the gas. I mean, you can't just drill for going on 90 days, and not be getting some pretty detailed information about what is/is not down there.

I'd expect he's battened down the cash-burn hatches. I'd be very surprised if expenditure was running much over $500k for the past quarter. That being the case, I'd be surprised if there is much drilling or assaying going on, at present. He will be waiting for general sentiment for the juniors to improve (or for some good news from joint venturers) to re-rate the share price, then get a capital raising away.

Of course, the risk is that Rodney kept on spending after the mid-March 08 gold and share price crashes, expecting that it would be just a passing scud, like many of us did. If that's the case, expect the remaining cash to be very skinny, indeed.

One way or another, both quarterly and cashflow reports will be compelling reading!