Ann: $2M Underwritten Share Purchase Plan, page-5

agreed, having Ibaera investing a significant amount does give some encouragement that they have a vested interest for the project to be a success. I hadn’t been adding up ibaera’s cumulative spend along the way so this announcement was an appropriate reminder that under the current arrangement their tin is almost empty, so it is time for the project to progress and move to the next stage.

one final point on the spp, in the fine print, the top up facility of another $1m, is another slightly cloudy offering whereby the underwriter has the “option” to place another mil......me thinks easier to place at 1c to friendlies than 2c.....