I was expecting a CR within 6 months but was holding on to the...

I was expecting a CR within 6 months but was holding on to the hope that Hindmarsh would pay and allow the share price to go higher with good results coming from the Peta and Ajax areas. However we can't say we weren't for warned. All I can say is the agreement with Hindmarsh must be poorly written if they haven't been able to resolve this by now. They Hindmarsh will get benefits without putting up further cash.
If wasn't for the failures of Alexander and Hector last year I would be gung ho about are current targets. I like the way IVR has gone about proving the targets and I am a believer in the geology of the Gawler tenements. Knowing that the CR would happen this year I have set aside cash for the CR and will be taking up my full entitlements.

I do feel for small investor who can't take up this offer as they have blow their cash already or can't take any further risks, but this is how the spec end of the markets works. It takes no prisoners.