Ann: New Strategic Investor in $10.2m Capital Raising, page-6

The timing of this raise may indicate that SAU will happily take equity or a royalty from bluebird. If enough funds have been raised for 2 years of aggressive drilling, further funds realised now from a sale to bluebird would be used for what exactly? Surely the red wiggle wouldn't go down the path of another dividend? The first one was a flop.

If it is true that producing from Kochang and ***ong will take longer than bluebird think, and more in line with the thinking of the red wiggle, realising a benefit later on as opposed to cash upfront makes sense, although retail has been dealt another bout of dilution.

This seems to happen regularly with the current driver. 5 years in the job, no gains for shareholders. What has risen though is his salary from 220k to 300k+..

I just cant ignore the level of funding that is being raised here. Is it dumb money, money that is easily given for a punt? Will be watching share price movements to look for a further possible entry. Gold in any core will see some attention. Likely to come second pass at aphae?