the quarterly has been out for a while, but as yet no comments. ok watso has hired a team of analysts to disect the report, but it seems that they have been asleep, or maybe the 8mb file was too much for them to think about - but watso has them on the job now.
all of watso's team of analysts have now submitted their reports, and watso has put them through the worlds most powerful computer, with the instructions to best summise the findings - and what did the most powerfull computer in the world say
DUD
that is correct - the quarterly, though being 8mb in size was a dud
the cash position at the end of the quarter was a bit under $1m - but after taking "accounts payable" into account, watso would suggest that there is about $500,000 in the kitty. given that the company is spending at the rate of $300,000 per month, then that figure would be down to about $200,000. of course some funds would have been received from the exercise of options, and it would have been a good idea for the company to have released this information, as no doubt they would know how many options would have been exercised to take up the freebies. seeing that the company is spending at the rate of $300,000 per month, one wonders what they are doing with the funds. during the quarter the company probably paid for the drilling at centenary, but that was a pretty small program.
watso has previously commented that the current quarter will be a $1m quarter - and seeing that the last quarter was a $900,000 quarter, then watso might even have been a bit careful in his claim. the company is planning on doing a lot more drilling this quarter.
noticed that the top buyer is now at 11.5c
anyway, a bit of drilling is planned. hopefully for shareholders it will be a success
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