Ann: Renounceable Issue , page-8

i think there will be some good interest in the rights, i also think that the company might still be able to get some of the issue underwritten,

maybe some of the directors could sell some of their rights to some long term investors, this would also help to tighten up the register,
unless it is underwritten there will be a shortfall, but as long as we get enough to do some first pass drilling, it should be enough, with some good results we can raise again but at a much better price.