___a bow wave forming

More interesting to me is, who is the person that the recent placement was made too? Was it someone in the know who knew they could buy on market, but instead they put the money where it was most useful, and approached the board, with the offer to buy at market price?

It is a great help for the company to raise a bit of cash in this way, however fault can be found with any deal, and there may be hidden motives for it, which I am not inclined to defend nor attack, I am ambivalent about the secondary consequences.

If I had this sort of money I would not hesitate to approach the board and put the money where it will do the most good, which is in the coffers at the moment. No doubt everyone remembers that this is the sort of action that saved the company when resurgence trust was formed.

The real news is the immense achievment of the previous announcement tied to this one, we have been funded till it is approved.

Mark Bouris and team have managed to secure another large investment by QVT; this is a huge commitment! QVT may well have insured their previous investment with this, or they may have been privy to information that showed them a potential gain worthy of more investment (perhaps both). In any case having been bitten by TZL to the extent that they were under previous management (mauled?) then I think it would be safe to say they would be running the rule over this investment, and by no means would they do it half heartedly (once bitten twice shy). This speaks volumes about the company's progress and it's leadership.

I can only commend Mark Bouris for his commitment (both Professional and personal), to reviving our company, which was dead in the water when he arrived. The deal with QVT and Sydcomp/resurgence to convert has been well engineered and extremely well delivered, the words "Elite Professional" spring to mind and I'm sure Kenneth was working hard as well; he also deserves praise for his efforts.

And on the share price being higher! Well wed all like to see good news to bring that up to a reasonable level. However when the news comes I know we will be able to believe the figures that come with it, and so will the market. The estimates wont be pie in the sky dreams, thought up over crowny's and crispy cream banquets, and applauded by that nights friendly escort, whilst being a sheet in the wind's eye (maybe even three sheets to the wind)

Make no mistake we are making way now, you can just see the bow of this ship starting to push a wave. Its slow going yes, but this is exactly the sort of progress we need in the fragile state we are in! Slow and steady, a measured pace, certainly not blowing steam on questionable announcements, designed purely to prop up the share price. And not pouring money and resources into questionable product placement or smoke and Mirrors.

When we've got a bit of cash positive happening, then it will be "Full Steam Ahead", and it will be shouted with Honesty.

I hope that I can make the next AGM its going to be a ripper with plenty of smiles.

I'm already smiling :)