rights issue, page-10

If that is the case, then will not these offers reappear with potential new management.

What I'm curious to know is if this rights issue is a defensive attempt to dilute the shareholder/s action seeking the removal of Howard Renshaw, David Usasz and Richard Hill.

Also need to remember in regards to loan with PNG:
- Subject to shareholder approval (if required), on repayment PNG can elect to convert at 4cents per share.
-In the event of any capital raising, PNG has the right to convert loan into QMC ordinary shares at price and on terms of the capital raising, subject to necessary approvals.

Eyes on the prize, Young Australian results due soon.