Ann: Closure of Entitlements Issue and Shortfall Offers, page-14

Been a way for a while and out of regular internet access. Was very pleased to see how the cash raising went. As posters like Alterior pointed out its enough to not dilute as much as it could have but enough to get drilling started. I am guessing that with the drill in site Peter should be able to get a good number of holes dug and assessed.

Oh course the questions remains what is going to happen with sp over the next six months of activity which is essentially what this cash is going towards. Good results will raise the sp which is obviously at record lows. It will also dramatically increase the chance of a JV with a big firm. Peter has a good history of pulling off great JV deals. In the meantime in my opinion and based on past trends I think we will see a slow increase in sp on low quantity. We could very early see a jump to .005 to .007. As Peter announces the drill program there will be a jump (maybe above 1 cent), once drilling commences it may jump to .015 I would not be surprised if over the next few weeks we see it go up to a whole 2 cents best case (and I remember when it hit 40 cents for about an hour all those years ago). But everyone will be paused with their fingers on the sell button if results don't start to improve. If holders are into profit taking it will be hard except on small volumes. Large volumes, those who have doubled down and doubled down again will find it hard to get out without collapsing the sp.... unless of course we actually hit gold which we always seem to be so close too but can never find. So thats my five cents on what I think will happen.

Well good luck to all. I hope that Peter keeps us informed at every step because that keeps the sp up.