I agree looks very promising for exploration upside....and the...

I agree looks very promising for exploration upside....and the size if proven with grades im not sure you would even have to wait for development to see big big money, they would have to fight hard to keep it...take over could be done by bending the ear of the top share holder, which I know nothing about mind you?

Current price is below current averages of the bigger holders it would seem, quarterly will be interesting and subsequent cap raise or how they achieve funding in general.

Do they have the upper hand or are they going to have to take a bath to get 2-3 million??? Matt Morgans buying suggests it will be done around current levels or higher, also gives me the impression he is buying to boost the share price for a higher raise or it will be outside money used hence him allocating some funds now, if it was a share issue for holders don't you think he would just wait and participate? unless like I said 4.6c was just too cheap and cap raising will be done higher...would go against what others have been expressing as far as obtaining funds...unless its a JV or back to like I said buy on market help the SP up with confidence and then a CR at 5c....likely to be oversubscribe....or something similar....furthermore I cant see them doing a CR much higher than current MC from outside or inside with current market confidence....

Imo this has bags of potential when you compare it to some of the pilbara explorers hitting $100 million plus,

Itll just be a matter of getting the CR out of the way, which my guess will be around current levels...not worse not better...unless they JV.

The last three quarterlies they over shot forwarding looking expenditure by 300-400k...i would say they are on the last million bucks now with 1 million approx. spent last quarter and now 3 weeks into this quarter....A non event if your accumulating at this level....ill guess the cap raise wont be less than 5c...may see the share price run some more before they ann it...ARS comes to mind!

In the end if they are successful with just one of these projects you get the feeling the sp could run past $100mil MC and beyond...way beyond depending on size and grade of course.

Can we go back to 3c so I can load up