Ann: Presentation to the Australian Uranium Conference, page-10

You make it sound like their giving away shares for nothing in return. They are doing it to ensure the company can progress the project(s) and be 'shovel ready' as the Government would say. If they don't prepare, and also build cash reserves they won't survive.

While the share price is low (primarily due to the U price) they have expanded the resource base of the company. Yes that has brought dilution, but the upside is even greater. I'm happy they've done this while still building a cash reservce, most juniors would dream of cash reserves like this, while many others will simply disappear if the down turn in the U price continues for more than a couple of years.