rights issue, page-12

Thanks for your informed opinion Baglimit. The sad thing is that someone gave you a TU for it

Drilling at Granite Castle is expensive.
What will $290,000 at BM and LV be used for

Use of Funds
Granite Castle Gold Project drilling $825,000
Preparation and exploration at Trafford (Mt Mulligan) Coal and Gas $340,000
Victorian Coal projects expenditure (Bacchus Marsh and LaTrobe Valley) $290,000
Other Gold projects expenditure (Haunted Stream and Charters Tower) $280,000
General working capital2 $289,753
Expenses of the Offer (including Underwriting Fee) $113,900