Ann: Share Purchase Plan , page-4

What is says to me is that they cannot get sufficient ore out of warrior to keep the mill running economically with low grades, now that they have a " More detailed understanding of the gold distribution". They hope "potentially" the city reefs have some gold in them and can spend a few years"accumulating some experience" as to make the mine viable, and if not management and crew are all happy having made motza in salaries and wages at the expense of the retail shareholders.

Another spp that shareholders either take up or have their holdings diluted further. As with the last issue there will be a spike up in share price so "sophisticated investors" can sell and then a sharp decline in the share price.

My opinion only albiet cynical.