land purchases

Hi all,

The posting under the "risks" thread relating to acquiring GLN and FSE seems unlikely & I'm pretty sure it was meant tongue in cheek, however it got me to read back over the Entitlement Booklet & the Presentation.

Under Item 5.2 "Use of Proceeds" it states that part of the funds will be used for the acquisition of land in the Waterberg region and $15 million has been allocated on page 22 of the presentation.

Does this "land" relate to settling on the current landholding or is it additional land to be purchased? If it's the latter we could see some acquisition announcements coming through as early as this month as per the timeline it has this scheduled from Jun '09 onwards...

Can anyone elaborate on any of this?