stage 1, page-20

AKA,

While you are accurate with the past numbers, ie old JORC, you have undoubtedly been following the more recent developments. For instance the box cut excavation that basically found a 4% average copper when the block model of the old JORC had less than 1% for the same blocks (based on the 3 drill holes in that area).
The rocklands south extesion at depth high grades etc.

Do you think the new JORC (whenever released) will reflect these new higher grades? Do you think it will materially change the share price?

What do you think made the minsheng bank want to lend at a low rate? What do you think made the underwriter of the new shares/rights happy to accept $2.50 as the price for the new rights issue?

It must have been something, so where in your opinion did they see value above the current share price?

These are not flippant questions, I'm asking seriously as all that you state about buying shares at $2 equally applies to the underwriter, who could just step into the market at $2-2.20 instead of spending $2.50 picking up the shortfall should there be any.
Thanks in advance.