Capital Raising: attention Shane

As you know, Shane, I have a philosophical antipathy to placements as opposed to pro-rata entitlements, and I think NOR has lost points by taking the former path. It is also ethically dubious that, with 10,000 shares only, I can qualify for the same entitlement as a holder with 5,000,000 shares. One also wonders also what proportion of the funds raised go to pay the fees of Azure Capital.

Be that as it may, I think the expression "first-come, first-served" was used in relation to the issue to existing shareholders. In practice, a mail-out from Perth will reach WA holders a day or two earlier than it would reach, say, an honest man in Mullumbimby. Hypothetically, the WA holders can grab their entitlement before our honest man in the hills can get to his letter-box. Is this a deliberate ploy by NOR management to look after mates, or is "first-come, first-served" totally inaccurate ?