Q & A with BaltasarG, page-20

This thread explains why the cap raising has been such a dud. Alex is spending $10m a year on a project that has been tried and failed for over 30 years by half a dozen companies. $3m keeps the lights on for another few months. Now playing smoke and mirrors to ‘grow’ the resource by cutting the grade so low it will end going under.

look at the raise. Instos are holding back - placing us on drip feed - and forcing Alex to moms and dads in an SPP again at below IPO price just a few months since the last raise. Instos dribble feed twice and then they go. And this is the second dribble.