Ann: Non-Renounceable Entitlement Offer , page-17

Kruiser - some good points. I don't see a diamond drill campaign to drill the bejesus out of the whole of Doolgunna/Cunya can be done for less than x million either.
And realistically, while it appreciate everything they say about their continuing future in Kaz, current talks re: private projects, etc, there is simply no way they are in a position to contribute financially to any project.
So clearly realism is the order of the day - I prefer to try to think logically about possible scenarios rather than waste time of emotion though.

So, clearly we need to forget Kaz for now. It can only be revisited if Doolgunna is a success. To be really clear, they are out of business otherwise. I do feel there must be something more to it that will eventually emerge, (we surely had to at least try to extract something commercial from Hadji or even flog it off to someone else, ) but might as well put a lid on it for now until Doolgunna is evaluated.

So what can be expected from Doolgunna is the big question? It appears they have at least spent some of the previous cap raising cash at home as advertised and have been busy this last quarter on further aerials etc narrowing down targets. I guess they probably have one chance, maybe two at the most to strike lucky with the new cash. So they better pick the mother of copper-porphyry deposits first up. Whether this is enough to attract Glencore to back the Cunya JV financially, or attract others to a Doolgunna farm-in is the question. If so, GTE will be in business at home (they must involve other parties, I can't imagine any further dilution)

Anyone who wanted to sell could have taken the opportunity before the QR, so I assume anyone who is posting here is holding, I can't see why anyone else would bother - today is National Unity Day in Kaz (LOL!!!) so let's have a bit of unity here and figure out what's in shareholders best interests rather than just continually feel sorry for ourselves, hey? 3c raising is an unfortunate state of affairs, but the way I see it is I haven't got much choice but to take up my entitlement for not a lot of further outlay unless I can get it cheaper on market, but then 157m shares on issue doesn't turn out to be that bad a dilution, the directors are backing it with their own cash and as ever, it really boils down to a bet on what is underground.