waiting game, page-12

There is nothing good in this for the ordinary share holder.
To say a placement is better than having to pay a 12% interest change (CCC off take)on what is suppose to be a near term operating mine by diluting the share base by over 80% on heads alone, is just insane.

It's VERY important to note that these placements will always be sold with this mob. They don't have "investors"
and there already is a hang over hangover from the 74m.

Here's how I see it playing out.

The $778 will be another short term loan from Oracle Securities like you saw last year to keep the Champagne flowing (Admin)Probably a waive to get this done quickly before the end of F/Y.

"IF" you see any drilling results before the AGM it will be purely token as there is no money.

Once this $5m placement is bedded down. Then you will see the real Propaganda.
("Early drill results exceeding expectations...blam blam blam for a good old butter up of your...)
Until you see an assay. Don't believe a word.
Of course backed by forum calls of P/E's of 7 and "best stock on the ASX"

Share price will spike as they send through wash trades and they WILL off load as many as they can.
Keep what happened after the last C/R clearly in your mind.
There will be a trade there.

I have lost count of how many things were 'suppose" to happen at CCC. Never to be hear of again. This off take is just the first.

Scorp.
I know you thought this Off take was bedded down. I would be interested in your thoughts.

For the record. I would have preferred not to be right, but the fleets history is clear.

"The above is my opinion as listening to people on forums will cost you money."