trading halt, page-16

Scorp,
Dont worry mate I am sure our funds will be put to good use.
If you look at the latest presentation (updated today) they will drill out Old Pirate to 15 m spacing.
They would not do this if they were not going to mine it.
This drilling will happen in April so a start of production at OP is possible before the end of this year with the scoping study possible in JUNE 2012, and the cash flow from this will more than cover exploration costs in all other areas for a couple or 3 years is my guess.
Another set of assays are now due to end of January for OP trenching,Op drilling,Cypress drilling,Buccaneer deep drilling.
Looks like a very busy couple of weeks coming up for ABU holders.Just hope the new raising is not done to money miners who will hold the price down further as they sell their 5.5 cent shares into all this good news.
Otherwise 10 cents is a real possibility IMO.
DYOR and Good Luck to all.