Ann: Equity raising to finance Sangomar Phase 1 Presentation, page-68

Almost 37 million shares traded so far today - that equates to about 0.6% of the total shares on offer
Around $1.5 million worth of trades today - that equates at about 0.44% of the total value of the company

I would have expected a sell off simply because of the capital raise and the discount to the share price.

Obviously there are some who cannot wait around any longer and fair enough to them.

I assume someone is happy enough to be buying the 37 million shares.

I hope that at some point management engage a little more with investors instead of using "generalizations" regarding how good a position we are in. Just looking at a FAR chart for the past 4 years shows exactly how much investor value they have added!

Maybe we should adopt a resolution for the next AGM - Management to take a 50% pay cut until production commences, after all we have taken a pay cut of more than that!!!!!