expert, page-52

Macrae

I'm not bullish on the stock, however I can't personally see them going into VA. Even at this level management would be able to access funds - in the same way that they have over the last year plus.

There is talk about them doing an rights issue - I cannot see that working for them at all however - no-one has any more cash - especially not to increase their risk in an already risky company.

Global will give them funds if they require it and then immediately (or rather just before the announcement) dump them into the market. Most likely tied to some other piece of news (ie. the usual modus operandi)...

So - not very flash, but could easily jump from here and I can't see it going into VA any time soon (unless it is forced into suspension).

My $0.02 anyway.

Cheers

Tim