drill or acquisition , page-5

Not much support on this thread any more Madmax. Too many burned by this one.

I will also be interested in the quarterly to see how much they've spent this qtr - and on what. My guess is that there won't be much against 'exploration' expenses but there will be a bit against 'admin' expenses. I suspect they were just buying themselves a little more when they suggested they were exploring other assets in Western Canada & other areas of Basin - get shareholders (did anything come of those complaints shareholders said they were making with ASIC?) off their backs and pump a few more $ into their own pockets ($157k paid to director last quarter). Slowly eating away at that $2mil in the bank.

As you say, where the updates? I think you'd find the JAL offices (if there is one) are deserted.

I live in hope - JAL was meant to have GREAT assets a few months ago. Is it cheap at 4c? Paying 4c for nothing expensive.