re: Ann: Placement of $500,000 / Proceeding w...
Yes, why not wait until we get the Death Adder results?
Oh, with the current cash burn we can't wait until 2015!
Egad!
This leaves me quite confused - although I really shouldn't be. I just don't think they can manage things. Explorers need to drill to get results to raise money to do more drilling to get more results to raise more money. They have had since April to get results for Death Adder. Plenty of time to get results in time to raise money by September.
Why no results?
a. Ineptitude? (my guess)
b. Indifferent results? (part of the game)
c. A bit of backscratching? (you gave us money for IFE (sorry about that), here is a chance to get in to TRF while its still cheap)
I hate the prospect of C as I'd prefer a more equal footing in the market, but right now that is the scenario where I'd be best off.
I'm not really sure they need to raise just right now so I wouldn't expect 'great' results just prior to the cutoff date.
TRF Price at posting:
19.0¢ Sentiment: None Disclosure: Held
