Ann: Quarterly Activities Report, page-21

Maybe someone can enlighten us re why they spent over $600, 000 on that 790.8m drill in NZ and buying 50% more of Ashford, when they have been raving for months about that Jubilee trend at 200metres?
I agree with you 20Mill, it defies logic and common sense that the "simple" but highly lucrative, Agate Creek mine hasn't been in full operation by now. Yes, there are serious questions that need to be asked about Agate Creek and it's not just the TOs.

And never ignore this "The Company has a loan facility provided by Bizzell Nominees Pty Ltd an entity associated with the Company Chairman. The facility is for up to $2 million, interest rate on drawings is 10% and the facility is secured by a fixed and floating charge over the assets of the Company."

What are the "assets" of the company, plus $38 in cash AS AT 31 March(!!!) How much cash have they got TODAY and how are they operating? In saying that, I have absolutely no doubt that they are fully aware that they are walking a very tight legal line but can always come up with cash from "somewhere".