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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU

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To: john who wrote (1851)12/17/1997 12:33:00 PM
From: Mike  Read Replies (1) of 4718
 
No intensions of a shouting match, this thread has been behaving well for so long, I would be disapointed if it changed.
I am shocked to find out that the figure is closer to 6 million, yet 25 days ago it was 9 million. Maybe they had to pay a few bills, but non the less this is a drastic drop in funds.

Does anyone know how many holes have been drilled to date on both properties. It is under my understanding that it costs about 25000$ to drill a hole on average. So 3 million would equal about 120 holes drilled in the past month.

As a matter of fact, I am really curious as to where all of the money has been spent. Does anyone know what shareholder rights are with regards to this. We have seen under 50 holes from both properties......... yet, 6 drills on one property, and 5 on the other, and yet no results. I understand that a drill takes 3 days to drill a hole, so from the Ojalali we should be up to about 200 holes so far in 4 months......

Hopefully the company is doing what we all think they are doing and are going to release everything in the new year.

On another note, trading is looking good there today and also GUNDY has picked up almost 500000 shares in the last month.

Mike
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