good news, page-24

I agree bagasas, the enthusiasm does seem a little over done.

I am now of the opinion that BG (PXA) will not allow the JV with CTP to proceed and BG will acquire the ROG stake (as per the terms) in the JV.

If that happens then the ROG SP will be hammered.

I have sold and will wait to see how the CTP scenario plays out but IMO BG won't allow ROG in just to have RG sell the coy to another major, thus forcing BG into bed with someone they didn't need/want.

And with only $4m raised, this will only cover very minor exploration and admin costs.

I hope that RG has an ace up his sleeve because I think if the CTP JV falls, then they burn $4m proving up a resource in NSW or QLD that bears no fruit, they could be in strife.