Ann: Trading Halt, page-177

Interesting that the terms have not been leaked and there is no news about the capital raise yet. Usually you get a leak from insiders the next day. Could it be that a third party has got involved and management are now looking through the terms of multiple parties in detail and choosing the best funding pathway? We know the interest and eyes are on RCR lately, on the back of WA1 success and our Avalon target with similar geophysical characteristics to Luni. It would not surprise me at all because if we did a decent raise right now $10mil plus then we likely won’t need another for 9-12 months especially with the low costs and overheads of the company during wet season Nov - March. There will be a few sophs not wanting to miss the boat on this Imo.