asteroider,"Is this 400bl pd project the same acquisition that...

asteroider,

"Is this 400bl pd project the same acquisition that Ken was talking about some months back... ?"

You would have to think so, so it has been in the pipelines for a while. My inference is that they are getting increasing frustrated and aware that the UK hz drill isn't going to happen in the very short-term, so the funds will be diverted towards another project that shouldn't see the same sorts of delays. I'm fine with that, providing they don't need to raise cash, but gees, that is going to be tough. I would suggest to management that they postpone their wages for 3-6mths and give this company a decent shot at getting somewhere. I wonder if that is gunna happen?!?!

I mean, tack on up and coming Tz expl. contributions, 'maintenance' in the UK, plus wages and we are left will a massive cashflow burden. It will either end in massive dilution or insolvency. Key really needs to realise some cash from Tz asap to be able to fund the UK and W.A.

Still, if they can manage to realise Tz assets soon they should be able to fund the UK and W.A. I'll stick with them and let this play out.

cheers,
Split