very strong bullish signals in sp, page-31

The EGM is for the ratification of the placement that has occurred. Any increase above 15% of issued capital in any 12 month period requires shareholder approval. It is a standard corporate business to ratify placements so that the company has available the capabilIty to raise funds when neccessary without the need to vote.

There is no immediate plan to raise funds just keeping the powder dry.

Approx 800 shareholders took up the maximum offer not a bad result gIven the sp was under water at the time of offer closing date. Nice vote of confidence.