I didn't have that impression big mahn. Perhaps I missed something but I thought the $6m was just the theoretical max if all shareholders took their $15k worth. It was a stated funding requirement. In fact the only funding requirement ever referred to was to bridge one well at costing $2.4-$2.7m. There was no mention anyway in the 6/6 announcement of there being any short fall. They called the placement a success. Normally if a shortfall is placed it happens quickly. Why delay this time? As for support of Carmichael, they are just taking fees surely? I'd like to think happier thoughts about this but its disappointing for me the way its been done.
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