Ann: Placement to Raise $4.8 million, page-8

I think broker has been sitting in the wings for FMG to give TAS the results and investors sitting in wait who are interested in that space/geography, so they could move after a dozen phonecalls. They will be able to explain away the cap raise with no issues IMO, though does look odd.

I agree some of that money is headed to EDE and CNJ. I don't view that as a bad thing as it pushes out the need for EDEs finance of last resort deal and keeps the lights on a few more months. I do think EDE is turning around. I hold EDE TAS and CNJ

Change in Gov. composition in Greenland is not going to make it plain sailing over there, so risks for CNJ.

TAS as a minor player now, just had to sit back and be dragged along by whatever FMG decides, but you have to think they will complete their spend to get 80% and we now just ride their coattails

You would have to think though that if FMG had any inkling that they are on to something big, they would take out TAS and in the process scoop up 30% of EDE. If the Solomon brothers decided they had had enough, it wouldn't be hard.

And to be honest, would probably be under better management. Another reason to keep accumulating FMG