Goodbye the 3s, page-7

Alkane actually bought 14 million more shares in the raising, though the overall percentage declined because of the number of shares released.

It's interesting how all of this cross buying and holdings in other gold and mining companies is working out.

Alkane hold 13% of Calidus.
Keras, listed on the LSE, hold 39% of Calidus.
Novo Resources holds 3% of Calidus.
(Novo Resources, listed on the TSX, have the largest landholdings in the Pilbara).

Calidus Board and Management own 18% of Keras.
Calidus has invested $1.8 million dollars into Pacton Gold.
(Pacton Gold, listed on the TSX, have the second largest landholding in the Pilbara, behind Novo).
(Sprott holds 10% of Pacton Gold)

I hold Pacton Gold, through my Canadian account, and they have had a good recent run, up from 11 cents to 18 cents, and are now undertaking some significant drilling on their Pilbara tenements.

How all these percentage holdings between companies is going to work out in the end, is anyone's guess, but there seems to be a fair bit of cross-pollination taking place.

Gw