Ann: Oversubscribed Capital Raising, page-241

settle down @semi retired and @Croc-file .... put the one eye away for just a second...

big kahuna is far from down ramping.... he just doesn't agree with semi's ridiculous $1 call on mining licence.... i agree with him.... since then semi has claimed new feasibility figures will be prepared, but only after mining licence, binding offtakes and finance.... he didn't even mention these in his $1 call...yet shot big kahuna down..

and semi, now you're saying finance will be a done deal before the entitlements.... i am not sure there will be many lenders that will lend to walkabout (or any others) without either of:
- finalised regulations for the new mining laws, or;
- exclusive agreement with the miner if regulations aren't completed
i am pretty certain that a lender will want to know the environment a borrower will be operating in before handing over cash....common sense....so you're making a hell of a call to suggest finance will be a done deal so quickly...


and croc, well, apparently according to HC screen in the top right hand corner the market thinks Lindi, plus the other projects and cash in bank are only worth $16.77m...

the mining licence is one thing, but, i saw with graphex that this did bugger all, it won't be until binding finance and offtake that it becomes worth $50m in my eyes...well, at least based on GPX experience anyway...

take a step back and re-read your bashings again....big kahuna just suggested to tone it down... he's not downramping the thing...

to be honest, i'm surprised there is so many one eyed's thumbing the posts...