1 A placement to market participants should have surfaced by now
2 Any placement at a discount in the middle of what should be a known result drilling program is a total vote of no confidence in the end result
3 The speculative froth of IOCG drilling has just begun, supported by the kroombit drilling
4 Unless it is a single significant party wanting a placement, the board is selling out knowing bad results are coming or has been led on by the brokers urging of "the money is here now"
5 unless the board has no confidence in current and near drilling activity, selling equity to other than strategic partners is disastrous at this time( for instructions of how to raise equity capital see Forrest, Andrew FMG)
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