IMO stew,

Little news releases with a few drill holes at a time or trenching results for entire grids would show progress. Also, by releasing a couple drill drills holes at a time would have stabilized and pushed the sp up a bit, if good. A continuous news flow of good results should have pushed the sp constantly keeping everyone interested. Investors don,t get restless as easy if this type of approach is taken.Also, it would have allowed the PP to be done at a much higher price than it was. If Lori only had wanted $4.5 million bucks, then there would have not been as much dilution if the sp was at $3.50, OR she could have did the PP for the same amount of shares, but cashing us up to maybe another million bucks or 2 , above the $4.5 million. This cash would have increased the treasury with the likely hood of more options and warrants being exercised to cash it up further. See the sp could have been walked up ladder like, if she would have taken this route and released results as they came in instead of opting for two big releases when the trenching assays are complete and when the drilling assays are all compiled.

Why she did it this way, makes me speculate that she knows results will be good and will most likely prompt an offer, hence, why she is not worried about the sp and if future PP,s will have to be done. See, there will be no immediate need for PP,s if there is an offer shortly, so that would explain her actions. The problem is, we have to speculate this way, because its where all our homework points us, but in the end, there are no tangible facts to back any part of it up. Remember, she warned the shorters, so this is still playing in her strategy in some way too.