I,ve looked at the 31/01/12 Quaterly and the 14/03/12 Interim.
They have $1.19 mil plus whatever has come in since (less expences)
If they do what the Quarterly states for this Quarter then they need more $ then they have.
Last Quarter they spent over $1.5 mil and they were free carried on some projects.(free carry is over now)
I,m waiting for some basic news to come out and the SP will rise (.035 ?????)
Then a c/r at lets say (.03 ?????) with free oppies to fund the drilling (operation funds)
This is not a downramp its just my opinion (what i have seen before with the pump and dump since 2002)
Long term holder and will ride the wave
The other side of the coin is they sit on there hands, dont deliver on the Qarterly and the SP tanks to all time low.
Hows that for each way bet ?
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I,ve looked at the 31/01/12 Quaterly and the 14/03/12...
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