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G'day Kaoto

Thanks for the info and your thoughts.

What you have said, I was thinking would be a logical outcome of their strategy for raising more funds.

Any company would always try to keep the dilution of their shares in check. So they will be vigilant with how many they issue, I'm sure.

And as you said the shares they are issuing is for an income stream not only for business expenses.
Therefore the money investors are putting in they will get back in the form of supporting the big dream and that is called the "Mali Dream."

As Mark Fenton said in their presentation, this is a 3 year strategy to get an income stream to balance their portfolio. So the money raised now is mainly to support the big picture.

Now the big picture is obviously a risk. This is a speculative company. But the big picture is a big basin in the country of Mali, virtuouly unexplored and surrounded by other and nearby countries with huge oil resources such as Algeria, Niger, Maurtania, Libya, Nigeria, etc.

If this is not a great risk /reward punt, I don't know what is!

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