Ann: Trading Halt, page-28

"So nothing is different from the last 10 CR's - raise, spend, repeat"

I think something has changed....they appear to have seen something that makes them think they're on to something.
Phil standing down, which I can quite understand. He's in his eighties and wants to take it easy.
I understand they've got a new CEO, Alex Passmore to take his place.
I remember when THX (now ORA) got the chance to pick up the tenement Crown Prince and it's surrounding tenements.
At the time there was mention that there were other interested parties or similar that would have loved to get this land, but Phil obviously new or had some sort of connection with the people concerned. I mighten have this totally correct, but knowing the right people and their respect is often important in doing business.
It sounds as though all s/h will get a chance at getting new shares.
If the C/R is fully underwritten, that gives me the feeling it's worth a punt.
After the C/R they could do a dilution 1 - 10 shares or similar to deal with the 2.3billion soi, (2.2b ~10 = 220,000,000) or whatever it is.
It's definitely got me interested.
AIMO.

Cheers Dabru