Ann: Shallow Gold Targets Outlined - Britannia Mine,Turon Project, page-59

Is that really what we want? Firstly, although I buy them, I'm opposed to free options. Nothings every free, they are an immediate drag on market cap, presumed exercised, and if they do come into the money usually raise funds too cheap. Secondly, right now I want to see them execute an aggressive and constant exploration campaign, for months, across at least 3 targets - Bell Valley, Sugar Loaf, Turon. If they do a rights issue, and I prefer if holders get to participate (snouts in the trough usually get my hackles rising ie sophs ahead of retail), I'd want it to be done in a way that doesn't slow such a campaign down. Unfortunately rights issues are often a bit clumsy - might be a scenario where a strategic rapid placement is made to allowable cap to keep things running for 3+ months and line up a rights issue behind it?