Ann: Half Yearly Report and Accounts, page-3

It does not really mean much at this point and will be unlikely to effect the SP as we are waiting for announcements regarding drilling and the fundamentals of the company are not of great concern.

It is positive to see they have minimised the losses incurred, however this is mainly to do with not paying consultancy fees and not writing off exploration. The important part of the report is that the company has almost half a million in cash on hand due to the share issue. This allows the company to remain a going concern while continuing exploration.

Take away message: Still waiting for take over bid or announcement re: deposit finds.