Ann: Successful Placement of $6 million, page-6

Do agree re the discount, with Longreach taking nearly half I thought they could have got this away at 7c or better...

As an existing holder it would have been great to see the next major milestone ticked off and a move to 10c+ before filling the tin. Do understand the need to have a healthy balance sheet when dealing with debt / equity providers when seeking north of $100mil to keep as much equity as possible.

On a positive note, please to not see any options being issued as part of the raise! This should have help attract a higher quality of investor looking to come in via the placement + no arb selling once the stock (and option if it were) is issued.

Glad to have had to opportunity to size up nicely here.