Ann: Non-Renounceable Pro-Rata Entitlement Issuer Prospectus, page-4

As I have written before if there is a good up take of the rights issue it could well give the SP a boost, down side of that would be some cashing in.

If all the rights issue/short fall shares get taken up try will be in the best financial position they have been in years. It would allow for the Smarts underground to be developed, but it will be critical for more reserves to be proved up relatively quickly.

Smarts underground only has a 2.5 LOM, first year at a loss, good profit in second and 3 years then reach end of LOM as it stands now but I am confident Smarts underground LOM will be extended.

GLTASH