Ann: Trading Halt, page-23

macs
ive said several times already $200 million from NAIF is my guess.

I can’t see the logic in placing 100 mill shares at 20 cents to raise $20 mill.

to me that’s just a drop in the $800 million ocean needed to develop the Mardie project.

Why not sell its fe royalty for $100 million? Then wait until the market news get the sp up to $1 before fund raising.

In my opinion the new issue is some process to get a large institution involved at a give away price. Could surprise and see a higher placement price - 60 cents would be nice but that’s dreaming.

As I have said many times current sp places no value on the Mardie Project so 20 cents gives Mardie a significant negitive value in my view. So what is going on?! Company needs to justify over the next few days but with 29% of the listed stock Mr Stokes must be happy and have given it the all clear.