significant capital raising, page-3

My guess is one of two funders, either the Chinese who Singleton has been seeing a lot of lately (mentioned great interest in POS from Chinese steel mill players at the AGM when I quizzed him about funding options after the meeting) or could it be that Harbinger have turned turtle and will now honour their con notes at a newly negotiated price.

I believe the last time they gave the company $15m it was struck at $1 per share, I doubt that would happen now with the SP at this level but won't surprise to see it done at some sort of premium to the current SP.

Dilution is not a concern to me, especially if they now have the funding capability to turn on the production switch in the next 12-18 months while drilling the bejesus out of the new discovery areas and proving up a massive resource.

Delayed Xmas present here, but hoping this is the start of the new POSitive direction for a company that has meandered long enough.

Good luck to all longs and DYOR!!

Merry Xmas

Eyeknow