Gryphon and Bell longs,

Please correct me if I'm wrong, but about 5 weeks back, on April 8th, BCU announced that they had starting drilling on K6.

No other news has since been released on Kabba. Bell has released 3 PR's since, but none had news of K7 being started.

Has K6 been completed? And if so, when approx. will we see assay results?

K5 was nicely wrapped up and we had a lot of detail on Dr. Marsh's thinking on it's results. So I was expecting some kind of news on K6...

I've also understood from a March 10th PR that there would be "at least" 3 holes drilled in this current Kabba drilling program. By my count, that would be K5 through to K7.

Your post notes Bell will be "following that up with another few holes". I assume that means a K8 and K9 and...?

That's potentially good news...if Bell's got the cash to continue on.

On March 9th, the company announced a PP raising some $500,000 for this. There's been no subsequent news was forthcoming on how successful this PP was.

Since it is usually industry practice to put out a follow-up PR noting that a financing was successful -- such is good news, is it not? -- would I be correct in assuming that funding at that time came up dry.

Actually Bell does seem to follow industry custom as they did announce, on Feb 25th, via a PR headlined "Debenture Financing Completed", that they recieved proceeds of $750,000 under the financing annonced on Dec. 11, 2008. The December PR noted that the proceeds would be "...utilized to drill the Company's Kabba porphyry target"

So what are the 'money issues' you are refering to? Do additional funds still need to be raised? Are we in a "hole-by-hole" finanacing situation here?