RT, I'm not sure if I have missed this in previous ASX releases but im curious as to how we plan on funding construction and then early stages of production before cash flow commences.
Im assuming that they will continue to raise funds thru placements/equity while resource is still being upgraded with a little bit of fat, maybe have $10 million in the kitty end of year. This will mean over a billion shares on the register. I them see them putting together a share consolidation like KGLDA just have which was 1:10. They went from 1 billion shares at 12.5 c to 100m shares at $1.25.
Then a debt facility will be arranged - how much do we need to get up and running?
Thats the way I see it - anyone have any differing views, have that already given us an idea?
Ann: December 2011 Quarterly Report , page-8
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