capital raising, page-6

at this stage im on the fence re the cap raising. If you ask me, they won't raise $2.5m ish based on the last cap raising - i'd say about $1m if was to have a guess. So I'm thinking I will cop a bit of dilution.

Based on the fact that should get them to the end of the year and that should mean a clearer indication on red bore and whether they have something or not at curara wells its probably a punt I'm willing to take.

Is Allamber another ticking bomb? - does the pastoralist (why does it take years to find out there are potentially access issues that should have been sorted out at the beginning) follow the lead of red bore and start green mailing the company to let them drill. given track record of locking down agreements it wouldn't surprise me at all.

good product in bad hands becomes a bad product. age old maxim. I'm far from convinced these guys are appropriate stewards for anymore of my money.

and at a guess I can see why the SP quickly bounced from 2c to almost 5c. makes 3.5c.