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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

AGORACOM Launches Graphite Stocks Blog

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iwannawin

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Re: Regarding PP

in response to Re: Questions by AGORACOM

posted on Nov 07, 07 11:43AM

as per Agoracom's comment that ASW only has approx $500,000 cash in hand; I would suspect that a PP plan will be needed. Drilling another 8-10 deep holes would burn through most of the remaining cash. Unless they take on a joint-venture partner for some cash and the partner takes over the drilling costs; a PP plan will be needed. But if the warrants and options can be excercised; it would certainly bring in cash and they won't need to do a PP plan. The warrants and options would still dilute the outstanding shares. Someone will have to ask the company if any options and/or warrants are being exercised to bring cash into the company.

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