share placement, page-11

Hi,
Money raised at 15c will be a good result in this market, should make refinancing of the facility from GSJBW a lot easier, thus avoiding the dilution inherent in the options deal they have for post July money.
As a long term holder, not that concerned whether it is 11,12,13cents etc this week , and a dilution of 10% not a big deal, if it survives long enough to catch the next wave and has a surf board[I've been waiting a while for an appropriate time to slip that piece of prose in].
I'll probably take the SPP, which reduces my dilution a bit anyway.