Ann: Alameda-1 - Independent Resources Assessment (Upper Sheet), page-128

This CR could have been done with a rights issue in a couple of weeks and before those that are going to come back with 'what about all those that drag their feet - that could slow it down', if you drag your feet then the shortfall would have been gobbled up by, in the very least, existing shareholders that would take all they could get.

I don't agree with your assumption that the share price will turn into 36 cents. It may do in the longer term but if the CR had have been delayed till after the Independent Assessment report was announced, the CR could have been easily done at a much higher price.

I think the 12 cents placement will slow the price. I hope I'm proved wrong.

I may be mistaken, but I think you have been talking 20-30 cents in the short term. I don't think that will happen now as soon as was previously expected.

It's my belief that the medium-long term $1 mark would have been now a $2.

Finally, thank you for a reasoned response and for not making the personal attacks that others on this forum think is o.k. just because I don't go along with their thinking.