jorc announcement, page-40

I do too Trees.... but am losing faith with each passing day...

I wish we could take a leaf out of the Indo Mines book... and look at their very well executed business model...

ASX: IDO ..... a producing coal miner in Indonesia... three million dollar placement done at twenty five cents... current share price twent eight cents.. and a further four million dollars raised through a "coal prepayment" from customers...
Market capitalisation.... twenty five million dollars
Share float... ninety three million shares...
Current share price... twenty eight cents
Fully funded Indonesian coal producer...
Clearly creation of share holder wealth is high on the Directors agenda.
Comparison....
ASX: ADD.... a non producing coal miner in Indonesia...
six million dollar placement done at twenty two cents... over three million spent.... no visable return to share holders aside from Directors.... currently bid at two point five cents...
Market capitalisation... five million dollars
Share float..one hundred and ninety million shares
Currently no shares traded in a week... bid two point five cents...
Junior resources company who may be seeking placement shortly...

IDO... raised three million by issuing twelve million shares at twenty five cents... fifteen percent dillution..
ADD... to raise three million... will need to issue one hundred and twenty million shares... assuming two point five cents.. over sixty percent dillution of small investors holdings..

Could we get some IDO Directors appointed to the ADD Board please...