placement strategy, page-5

Management might give a stuff about loongana but holders on the whole (present company excluded of course) do not IMO. I think leaving loongana on the back burner for 3 months would do no harm and IMO lots of good. I would support that approach.

43% of the register has traded in the last 5 days.

I didn't point out there is a risk the SP could fall back to 8c. My point is that if naracoota wasn't in play we would still be there. So when you say a raising could well be at 5c and i should be grateful its at 15c, that is a moot point as with naracoota in play (but without a bizarre raising hanging over our heads) the SP has fundamental support at 20c and IMO at substantially above that.

If they wanted to follow the raising with worthwhile news they had their chance on friday when they announced this decision. That they let it slip is not a good sign for this management team, and indicates to me perhaps they don't have the nads to pull this off. You and I know that hotcopper is littered with penny dreadfuls with promising fundamentals but apathetic management, and the result is a whole lot of mediocrity. If thats where this is heading then no thanks. They need to show some initiative rather than quash the initiative being shown by investors.