Considering they don't have any outgoings forecast for the next quarter I'd say they've sent the drilling contractors away, and are currently doing absolutely nothing until RC results are received. They are also not drawing a salary. No one is going to buy this pre-assays hence why they haven't raised, isn't that obvious ?You didn't answer any of the questions. What happens with the other 10,000m of drilling while waiting for the CR. Has the contractor left site? Are they sitting there idle? Are 4CE building a debt with the contractor to be paid once they have cash? Who is going to buy this pre-assays when everyone can see how desperate they are for cash?
AVZ couldn't even raise on decent terms. What makes you think a smaller scale project that is far more unproven (even if they do hit something at Kititolo - 98 holes means average depth of 50m so don't expect much) is going to be able to raise on decent terms. At this point $2m to finish off a drill program is going to add nearly 50% to the register size.
Because punters love to punt, they will be able to raise if the results are great no doubt.
