capital raising , page-12

As a BUY holder I;m hoping like crazy MMR can raise the funds and progress offshore Sydney. If any drill is to capture the imagination of investors, that will do it. I think the 3 for 2 options are worth maybe an extra 2-3cents to investors. So even at current 5c sp, the ssp price, the package is probably worth 7-8cents. The wording of the shortfall conditions would suggest to me that directors have confidence in placing the whole offer. Certainly hope so. The quicker they lock in a rig for Sydney the better.