rum increases offer !!!!, page-37

There is a third option.

They could raise a million or so to do some DSO drilling (which they have done very cheaply so far, well done) until markets improve or another suitor wakes up to the fact that there is a great asset to be had cheaply.

They could easily place 60-70 mil shares at 1.5-1.6 cents.

It should last 6 months at least.

The problem with Monument's offer is that if markets improve anytime in 5 years from now (all resources or just potash / phosphate type assets), we are not going to get more than 8 mil for half of our assets. If comparable deposits cost 100 mil in 5 years time we still sell half of it for $8, and have no control of the project on the top of this freebie to rub it in. This is rubbish.