what will this week bring?, page-5

Well Q, hurdle one of your theory has been cleared
ie a prompt Ann. about the commencement of drilling. The Colbern family will be thrilled and I note there are now more than 10 mil options for sale.

But these friends of the company need more good news promptly as these options are not selling yet.....and given the careful planning the company has put into the placement of the first drill, and the fact that they have already almost certainly completed at least one hole at depth, it is well on the cards that more good news will flow.

I doubt that they will wait for results to pump out a bit of good news as their hand held instruments will buzz and sizzle if they unearth some U mineralisation. In fact I would go as far as suggesting that I (and it follows, the company) would not bother to announce the commencement of drilling if they had only bought up clay!

So assuming there is U at depth, I suggest they would already know and if the Colbern family, as you suggest, wish to unload some options (they only have a week) then we should expect a very prompt good news progress report on the drilling.

A quick check today showed that Perth is the only city in Aus where orders for new Mercs is greater than the supply!! So get in the queue quickly.

I will be very worried if the company does not rush out some good news (assuming it has some). If they don't then perhaps we should assume that what has been dug up has not excited the instruments, otherwise (as you suggest) the Colbern family will be mighty upset if good news arrives after the options are dead. Then they might deny the company the chance to raise $3+mil by converting the options.

All in my opinion of course. I think this week may determine the companies future.

Footnote - never been right before.