Why sell?, page-7

Yes. I addressed that issue on another thread. Of course that net cash/asset position will be reduced against planned spending but it's on productive activities after all and not just working capital. The latest Strachan report (Dec 3rd) would seem to validate my calcs if you adjust for the nowlwer sp. Looking at the last qtr, planned exploration expenditure is: 9,000 and total is 1,800? I wonder if it isn't meant to be $900k, as deposit for the drill rig that has been booked for 2H2015.

Anyway, I think it's very good value but my original concern in buying was the lead time to any potential price drivers and I think that still holds true, along with the fact Sea Lion has much less upside potential than T/49, although a better POS. I imagine that is why some would be selling. I bought a few at 6c and 5c thinking it had to be close to a bottom but as it's not a huge holding, happy to wait it out till June if need be, unless price rallies.