drilling started 16 october 2012, page-46

so we all agree then - now they have identified some solid targets we want this company to start drilling as soon as possible. I'm not sure why they are waiting for March to start drilling? I've sent an email and asked why...

with a little over 9 months of cash left in the bank based on current burn rate and given that they have said drilling is going to happen it will get spent... there has to be a CR in the near future and thats going to put a strangehold on the SP (or worse) in the absence of meaningful results (ie something that says at least significant but preferably massive).

a rights issue would be deeply discounted say at 5c (based on the current SP) - which would smash the SP when announced. So why buy now when you can buy at 5c... only if you believed the drilling program will deliver something. thats a big IF.

so IMO pressure is on management to deliver. I wouldn't be supporting a rights issue unless the company can show something meaningful from the next round of drilling.