placement at 28cents, page-10

I'm not surprised at the the share placement. It may well have been better than a SPP but again it's a kick in the guts for existing share holders. If the mines operating cash positive, why do they need a miserable extra $3m that again dilutes our share value. I wouldn't mind if management kept us informed on a regular basis of how the general operation of the mine is going. But we don't get this information, except through people ringing somebody at the office or at the mine and being told something. Surely managment could learn a trick or 2 from FMG where regaular update were the norm, good news or bad news. We're all big boys. As it stands. I've halved my holdings since last AGM and now looking for returns elsewhere rather than losses. I'll buy back in when they hit 20cents in next 3 months.