fasteddie: I wondered the same thing. This must have been the shortest drilling announcement I have ever seen.

I can totally understand not filling any NR with fluff promotion but this NR contains no details. Almost like they don't want to promote. Why would a company trading at 6 cents with 240 million shares out not want to promote this long anticipated drilling program? My guess... SGX does not want share price to interfere with closing of Puma transaction. Puma not voting on this until 'sometime in July' so I would not expect any more news or results until then. Don't agree with it but that's JMHO. Didn't anyone else wonder why they didn't state '1,500m phase 1' in this NR?... 1,500m could be drilled in a couple of weeks and results would be expectd end of June... 3,000m large enough for market not to expect results until after Puma transaction. Trading patterns would also agree with this hypothesis (i.e. who would be selling this amount of shares at 7 cents with this program now underway!?... makes absolutely no sense... almost as if PP is closing... Puma transaction just like a PP under a different name... therefore, expect the same games IMO).

Again, don't agree with it and I hope I am wrong but IMO the wait continues.

red911