Ann: Drilling Update Wolfe , page-7

We don’t need the money at this point in time with over $23m in the bank, and they would be dilutionary.
I find his reply short sighted as they will need the money if not immediatley exploration is an expensive business and 23m can be eaten up in no time. As for being dilutionary, most of the ops are in the hands of those who have been there for the long haul and a little bit of relief would reward those holders.
Have written off the ops and now focused on getting some meaningful info to send the ords in the right direction.