funding update, page-13

Well, hang fire for a minute, Novac.

Average volume over the past three months (I've tried to find the past month's figures, but there's nothing quick and easy) is 329,811 shares per day. With prices ranging from 12 cents to 18.5 cents, that's an average value of $39,577.12 to $61,015.04. Or, put another way, turnover of around one tenth of one percent of the company.

I think it's slightly more likely that the market is holding its breath, waiting to see the news from the company, rather than saying "nah, it's rubbish, we're out of here".

Also, since it's unlikely that the "traditional" partners (Shaws and company) are involved to any significant degree with these negotiations, it may be easier for the company to keep a lid on the news ahead of time.

I'm cautiously optimistic about the deal - but, of course, as you say, the devil is in the details. My guess - and it IS nothing more than a guess, with nothing solid behind it - is that it'll be around 30-40% of the project over the course of development. We should know, one way or the other, in the next fortnight. All that said, this deal will be the one that makes or breaks the company, IMO - so nerves are entirely reasonable.