spot on cuppa, however that is for the peru and chile assetts. with all do respect, i think you gents need to take some time out and go back and do some homework...
- we have no funds for kororoit! how is this significant?
if you refer back to sep 1 2011 and read MD Presentation Australian Clean Energy Investment Symposium
in there we originally had kororoit pencilled in for may/june for drilling. i suspect it was in line with the carbon tax coming in.
However the clincher to my reasoning behind a capital raising in the immediate term and the price i chose is the tenements all expire in under 40 days.
Type Location Status Grant / Application Date Expiry Date HRL Interest GEP 6 Portland Granted 14/05/2007 13/05/2012 100% GEP 7 Hamilton Granted 14/05/2007 13/05/2012 100% GEP 8 Warrnambool Granted 14/05/2007 13/05/2012 100% GEP 9 Colac Granted 14/05/2007 13/05/2012 100% GEP 23 Mundi Granted 28/11/2008 27/11/2013 100%
It really doesnt take a genius to work out that we will be getting some funds shortly for our australian assetts - if we dont then we will let them lapse. Management would be crazy to do that!
so i will reitterate to you all again - a placement is necessary to floor the stock with support and gain some money for our aussie assetts. ps... I should charge you all for this lol.
Or could it be a JV? or tenement sale? your guess is as good as mine at this stage.
Im out of here... got my 8.1 target today - bounce to 8.8 coming next week.
Happy easter! and thanks to the chap who gave me the 8.1 today! :)
HRL Price at posting:
7.8¢ Sentiment: ST Buy Disclosure: Held
