That Fundamental Guy,
Your calculation is better and you are 100% correct.
To backup your calculation, I added up all issues and options, etc.
31 Jan 2012, Appendix 3B – Exercise of options
4,279,333 shares @ 0.35 = $1,497,766
06 Feb 2012, Appendix 3B – Exercise of options 578,750 shares @ 0.35 = $202,562
500,000 shares @ 0.40 = $200,200
14 Feb 2012, Appendix 3B – Exercise of options 450,000 shares@ 0.35 = $157,500
500,000 shares@ 0.40 = $200,000
23 Feb 2012, 10m placement $10,000,000
22 Mar 2012, Completion of SPP $744,000
Total: $13m issue of shares and options for March quarter
positive update, page-11
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