BRM brockman resources limited

this article seems totally contradictory to the statements being...

  1. 1,748 Posts.
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    this article seems totally contradictory to the statements being put out by the company. Let's recap what we know officially:
    1. 1.1Bt resource
    2. Drilling currently underway at Abalone
    3. Resource 'upgrade' due on company programme by aug 08
    4. Infrastructure deal due in H2 2008
    5. WR says company does not need to look over its shoulder - plenty of cash to fund the remainder of 2008
    6. some cornerstone investors will be "dialled in" at the appropriate time
    7. the comapny is happy with progressing all 12 tenements as 100% owned.

    what has changed? what will they need $100M for? this will go one of 2 ways, the market will either love it or hate it imo. I cant see the SP being anywhere near $2.70 when it re-opens. Only question is, is whether it will be higher or lower? even starting with a 1 or 4?
 
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