PAC value at $0.77 per share, page-147

Its not negativity its questioning IVZ's corporate actions and planning. If anyone can answer the following I'm all ear's

1) Why wait 5-6 weeks to finalise a Rights issue and release to market the issue way below the current share price. Were they just all on holiday's and just didn't realise what would happen in the market during this time with no news.

2) Why have a 3 month period to issue these, if the rights issue fail's knowing their sopho/insto mates are just going to dump so puts a cap on the price of the share price around 12c for the next 3-4 months anyways.

3) Nobody really knows how much cash they need to complete the drill deepening and flow test as again this is all mysterious as were the budget required for MK2.

As you can see none of the questions are questioning the drill results or integrity of them which I'm not doubting hence still hold a position.

but I do have some doubts about how they are running this show cash wise without destroying shareholder value.