Ann: AGM Presentation, page-47

Alex i understand your logic but the company has released around 4 key HPA related announcements the past year and the share price has only dropped following.

if you want these options to get in the money and some confidence to return we need gold news. Once confidence returns the money will come, the share price will rise and any capital raising will be much higher. A capital raising at these levels will kill the company and dilute us more imo.

this will be the case if we continue to only release hpa based news until mid next year for the dfs.