i dont want to burst the parade but this is how i see it. The bfs hasnt been released as it wont be taken well with the current commodity prices. They need more resource to bring down capex so the new discovery is needed to increase resource. The dso is all very good but the main game is the multi commodity main project. Big wilson may be the discovery that we have been waiting for but until we know exactly what is there...its a big if. I didnt expect a capital raising quite yet at current prices...i would have prefered that we get dso projects up and running.....approvals done....just see more dilution..not a good time to be doing capital raising...later in the year would have been better when our share price might of been up naround 50 cents. Like the low option price conversion given to the directors...i just see some more dilution at the wrong time. The Mt Lindsy project is not viable with current commodity prices. I have never seen a capital raising that has been good...especially when it done when markets are down and i am not happy with the secrecy with drilling. Its starting to annoy me and i am wondering if i should stay in this stock....everytime the news seems to dry up with a stock...and promises are not delivered...eg bfs was supposed to be delivered already...not just for dso....its a sign of trouble
If they bring in the chinese be ready to bail out
Pete
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