Ann: Trading Halt , page-6

How about a 1 for 3 @ 10 or 11c and one free option for every 2 new shares expiring 2014 @ 20c
That would give them approx:

38m new shares @10cps = $3.8m
38m new shares @11cps = $4.18m (less costs)

That would give them enough to some reasonably serious drilling over the next 12 months on the likes of Thunderball and the Gregory range prospects....which look fairly interesting.
If they can get some good numbers on the board as far as the uranium is concerned, hopefully they get a bit more interest in the stock and then do another raising if the likes of Copernicus hasn't started making money or UMC is still in the doldrums at a higher price.
We want to keep dilution to a minimum, as long as it not stopping growth of the company going forward.
Regards Dabru