what a dog of a company, page-36

Here's the two important get out clauses for the underwriters (bottom page 68, Prospectus):

(G) (ASX All Ordinaries market fall) The ASX All Ordinaries of
ASX is for 5 consecutive Business Days at any time prior
to 4.00pm on the settlement date at a level which is
greater than or equal to 10% below 4,295.50 points.

(H) (Gold Price) the AUD price of gold as at 5.00pm is for 5
consecutive Business Days at any time prior to the
settlement date at level which is greater than or equal
to 10% below its price as at 5.00pm on the Business Day
immediately preceding the date of the Underwriting
Agreement ($1,601.06).
_____________

The Prospectus also says all current Directors will be taking up their entitlements.

POG in AUD now $1576.59 (-$11.16). POG won't go down forever, though. Each time it rises to <10% of AUD1601, the clock will reset.