is this ann good?, page-3

15 mil by .125 = 18.75m so if they exercise the options it raises that much. You could say they get the options for free but they are extending the loan.Pretty reasonable dilution if exercised.

The way I read this announcement is that funding is hopefully going to be sorted in the first half of next year, ie. not in the near or immediate future. Good that they provided some other commentary re surat/baralba etc. Overall I took it as neutral.

I'm hanging in there atm now nowing that any short term catalyst from funding being sorted won't be happenning.

Will be interested in others thoughts.