my contact with the company.

I don't know how many people posting here have bothered to call the company and ask questions, but I'll post my Q&A with Dean,

I asked if there was a ceiling on how much they would raise or are looking to raise with the SPP.
A. Not at this stage, he said the company have made it clear they would require capital and this is part of that raising.
From that answer one would assume they would be happy to raise all the capital through the SPP. (dilution)

I asked how many shares one would need to qualify for the 15k at 43c, in other words will it be Pro Rata
A. No minimum. (I used 500 as an example)

I said this offer could increase the size of the registry substantially, my thinking is holders will sell X amount higher than 43c then buy back through the SPP. Those buying now will more than likely be fence sitters who have been waiting to get in and now can (get in) with little outlay.
(The fence sitters get to sit back and watch for a while with little risk)
A. He agreed, although I didn't detail exactly the above.

I asked about RP price.
A. Their information is it is still around US$150 (Moroccan)

I asked about the samples under evaluation.
A. Very encouraging feedback from all over. Pakistan to America somewhere, LOL. (I was drifting, a lot of clients anyway)

He also says there are no delays with the production time line, all going according to plan. (He did sound EXTRA confident with that statement, meaning they will be mining in first half 2010)

In talking he did mention Morocco may have shot itself in the foot by pushing prices to $450 last year, meaning feedback from potential clients is not all that flattering toward Morocco. (take from that what you like, my take is potential clients are seeking an alternative, stable supplier)

Reading between the line my guess is they would be happy for all the working capital to come from dilution.
I'm not saying they are going to get it, just that it looks at this stage as if it's their number one priority.

I didn't ask about off takes or other financing options, but there's always something you remember you should have asked.

Anyway that was the conversion to the best of my knowledge, and if you have any questions yourself I suggest you ring the company and ask.