ord secures funding support from commonwealth, page-12

That a very wel thought out response you must hav spent hours researching!

Why is it unnecessary? they don't have any money in the bank and need $15 million for exploration etc for the next year. They spent $1.3m last qtr so if they raise $3m it will be gone in 2 qtrs so will need to raise more money. They have more licences to come on stream so costs will go up.

How can it be dilutive if it is offered to existing shareholders?
Only about 12% of issued capital is not on offer to existing shareholders.
You are not making sense!

You are talking utter crap and expect people to accept it, sorry pal this ain't China.