announcement out, page-17

I have always said Clear Creek is worth something.
From memory my last estimate was between $10-20M.

$25M has been raised, with $7M in cash.

That's $18M for Marions Assets....
That is within my estimation...


What is not clear from the announcement is the impact on shareholders.

I have always said Marion can be rebirthed, and can relist.

My argument has always been about what shareholder value will be retained.

I estimated months ago if I recall, an estimated 700:1 Consolidation per 20c share and participation in a cap raising.

Lets see how close I get.

Lets see how much shareholders actually get before the party starts.

I have consistently predicted that the bulk of shareholder value will be lost.