new projects, page-4

The jase
"Glad to be a VIL holder with cash and a drawing facility in hand, with no future sign of share dilution."
You cant have your cake and eat it.
New project now equals dilution.
Delay the project and assuming the price has risen you have less dilution
Delay it until it can be financed from FP1 and there is zero dilution.
Exception to this will be FP2 because it will not really be a new project but something that is known to an extent.
Do a small draw down (500K) to finance the drilling.
Once prooved it doesnt matter about drawing down to finance development because SP will have risen