make up your own minds, page-19

If the company came out and said this raising was insurance against Hanlong pulling the pin then the share price would fall further than it already has, and they'd find it hard to find buyers for the shares.

The announcement says it's to continue preliminary works, continue drilling (which is what you wanted all along wasn't it westcott?) and for 'working capital.' The term working capital means just that, funds to continue operating the company, whatever the circumstances. I see the presentation mentions Nabeba's itabirite targets also, something you were wanting to have addressed westcott.

Think of it this way, if they raise at 35c now, Hanlong can't get the deal done, and the EU falters even further (Greece votes against the bailout and defaults etc), raising at 35c and having $75m in the bank to weather the storm will look like a master stroke. Saying all of that, further dilution will be a bitter pill to swallow.