Ann: $5m Placement to Advance Windorah Gas Project, page-13

I'm not so sure about them being a right off, theres still 6 weeks until expiry and theres still possible near term news flow regarding pipeline financing, Gas sales agreements/contracts, possible farm-out, maybe even a reserve upgrade before then too but am not sure how long they take but this CR is to help that process.  Other positives imo to note might be the highest placement price for donkies which is above 10c and at 10.5c, NEW Soph's and NEW instos have also been attracted.  We can also see the volumes in the lead up to this CR are no-where near the volume of the shares issued so the only way for them to get a return is if further future good news materializes to make the SP rise so even though we should see a fall in SP and OP i doubt it will be an extended lull like we've seen in the past.  To my mind this CR has the potential to get them over the hump and after the intial panic i wouldn't be surprised to see some better support of the SP moving forward.

However having said all that i understand the extra stress this may have brought you and it will be very sad if SB has actually blown those OA's up because of this and would hope and like to think he has some sort of plan up his sleeve before time runs out.

Anyway just a positive view.

Best Wishes