Ann: Quarterly Activities and Cashflow Report, page-3

as sure as night follows day, wombarrapete.

with outflows in the current quarter expected to be A$1.2m and with A$2.17m in the bank on Dec. 31, there’s still a bit of wriggle room in terms of the timing of a CR. But not much.

any SGQ CR will be easy to get away, even in the current lacklustre market.

The question really is about the level of dilution shareholders take, which is partly in the hands of board and management.

i’d like to see at the very least a run of price supportive news in coming weeks to at least limit SP downside. The announcement today about new targets didn’t do much for me or the market. We already know we’re exploring in target rich country.

better still, a couple of cracking announcements would be great to help build a firm SP base at a higher level. Good enough to possibly attract a couple of instos each prepared to take a sizable minority stake at a premium to the SP.

any CR must include a decent SPP for private shareholders at a modest discount to the SP.

all this recent speculative talk about the month of March having great significance could yet come to pass.