Ann: Quarterly Cashflow Report, page-12

You know what Colonnade i think you are on the money here. I was just digesting some of the info from the latest news release of May 14. In particular this paragraph.



Now this particular drilling may have a high probability of striking further rich grades. The timing of the drilling implies that assays will probably be available at June end or early July. Given cash on hand @ balance date was approx $5.5M & spend for this quarter is projected at $3.5M. That leaves a balance of approx $2M @ quarters end. In other words a cap raising wont be far off at that time. The results from this conductive body IMO could be the catalyst for that raising.