I dont really see the point of that update when they are going...

I dont really see the point of that update when they are going to have to release the same information shortly as part of the quarterly report. Nothing happening at Narracoota or Loonganna until mid 2011 now but Buena Vista is their key project so they are focussing solely on that for the time being. They have government funding for Loonganna so i would have thought that should cover the 3 hole program they are planning.

They have to cough up US$6million to buy Buena Vista, so they are going to need cash from options as well as some extra cash so they will have to issue more shares, that is a given. The key will be whether they can fund the Capex of Buena Vista through debt or if they have to do a capital raising.

Im sure there is a bit of selling to transfer funds into MHM, it has had a great run the past few weeks.