2 years and absolutely nothing accomplished, page-17

It continues. Seriously. Google a new quote about how tough the minerals and energy market is at the moment and cut and paste the rest from previous announcements.

"The ongoing deterioration in the resources sector (accounting firm BDO reported that at 30 September 2015 approximately 40% of ASX juniors had insufficient cash to survive more than two quarters at current burn rates) has yielded a significant improvement in the quality of projects becoming available, further increasing the prospect of acquiring a meaningful project on favourable terms in the coming period."

Cash and assets down to 16cps equivalent, falling to $5.6 mill.

I guess they did put an offer in for one project this quarter. First time I have seen that mentioned. I'm sure there was relief when the (obviously lowball) offer was rejected.

The company appears to have missed its chances during the biggest mineral bull market in history and now may well miss their chance at getting in to perhaps the biggest bear market in recent history.

Oh well. The salaries continue to be paid.

Milesy