Surandy70, in Kens defence they stated the drilling to commence in the month of October fingers crossed they have 14 days to deliver. Tradersam, Im expecting cash @ 30/9/2010 to be around $3-3.3Mil considering they had $2.9Mil @ 30/6/2010 + CR in July of $1Mil = $3.9Mil. With an admin burn rate of $600k per quarter, the UK cash flow neutral and no activity over the last quarter we should have $3Mil+ in the kitty. In regards to a CR I hope its for a drilling commitment in Tanzania , that will re-rate the company and give share holder some idea of the direction in the future instead of "lets see if the divestment strategy of our Tanzanian assets comes off" .
KEY Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held