Could be a big dilution on the way here IMHO ...Suspect this...

Could be a big dilution on the way here IMHO ...Suspect this company needs cash and fast .. a big cap raise "may" be just around the corner...why? ...

1. well last qtly (as at 30th April) had the cash balance at $123k and we are now near the end of the qtr

2. As an indication of the qtrly cash burn in the Jan - Mar 2012 Qtr the cash spent was $126k

So they must be sitting near empty right now...

Also they will need to raise a significant amount of cash to acquire the Korean Graphite projects assuming the Due Dil pans out Ok.

I think it safer to wait for the Cap raise before entering ...


All is IMHO DYOR to Confirm