Ann: Drilling Continues to Expand System at Slate Dam, page-26

For those suggesting a capital raise is coming, Aruma has put it in writing in past announcements they're doing deals with drillers to pay in shares and are also looking at mining Trojan. This is stuff done by smart operators to create as little dilution as possible for investors.

That's fine and good but the raw figures they presented in the last quarterly shows that they still expect cashburn of $400K which if taken at face value means as of end of September they have around $700K. You can only work with the facts presented in front of you and to me this precarious cash on hand value points to an upcoming CR. Price action probably supports that as well.

Personally I prefer drillers etc are paid in cash if possible as realistically those trades given shares in lieu of cash usually aren't looking to invest but sell their shares for their payment which in turn puts further selling pressure on the share price.