Ann: Underwritten Share Purchase Plan & Development Funding, page-314

Arcturus451 I agree we need to start being more positive towards the cash raise...IMO you appear to be replicating a Pepper role similar from the last cash raise....Management have done a great job with the resource and discoveries with Andrew Cunningham receiving a solid performance....Management only let them self down when it comes to cash raise leaving an unclear message as evident by recent sentiment...

Floating the VWAP may be a good idea once the this has settled down and news is out but you can not blame posters for the uncertainty that has been caused by a floating VWAP....Strong words to Patterson's are of little comfort at this stage where loyal and long term holders can not protect them self from dilution and suspicion...

Management need to learn from this as the current system just does not work....It can be improved and needs to be improved IMO.
IMO the voting rights of Patterson's clients should be excluded from voting on performance rights issue re 15 million options.This would be a move that brings extreme confidence to the transparency and urgency of the cash raise...It would be a brave message but also a move that could be a huge reward in confidence as well as a highly successful cash raise IMO.

We need to start being more positive to this cash raise where money raised will unlock huge value for holders...

Management at the stroke of a pen you could once again be the hero of the people...Exclude the Patterson's voting rights....

Croc