Ann: Sara Alicia returns more Gold and Cobalt, page-47

Best to raise small now and bigger again next year. Seen plenty of companies that failed to do this and ended up in a worse position. One of the reasons for consolidation is to make it easier to raise cash. Roadshows also make it easier.

Bargaining is best done from a position of strength and time on your hands not the other way around. Leaving it to later is a gamblers way of doing it. Big investors want a good deal and if they can force it, because management left it too late, they will from my experience.