Bullish? well I would rather have this statement than what it could have said although being an investor in this and PRE I am extremely sceptical of JT its always jam tomorrow, having said that I understand its an exploration Co and as such its always going to be jam tomorrow!
I need to study the accounts a bit more in depth but after a quick glance I notice that cash at bank reduced by circa £1mio if De_Beers are paying for everything where has it gone also noticed that corresponding Intangibles went up by same amount, obviously depends on what they classify intangible and how they treat them! How much has been spent on Teelings wages etc?.
Will try looking at the accounts again after breakfast still half asleep but on the whole yes quite a bullish jam tomorrow statement.
Oh BLT why do you insist on putting the results up again after someone else has done so are you Teeling in disguise or just his lackey every opportunity to ramp or put JT's interests forward you are there I wouldn't be surprised to see them on PRE,PET and Persian BB.