Ann: Pernatty C Exploration Update and Rights Issue, page-2

Depending on when you need to be on the register for the rights issue buying at .004 could provide reasonable value for some due to the free attaching 1:2 option.

In terms of the numbers not much has really changed from my previous post. More heads, less options, slightly less cash raised, but overall the same result (approx 3.6c if a 50million MC can be achieved)

https://hotcopper.com.au/threads/what%E2%80%99s-at-stake.5118941/page-246?post_id=43320952

The Good
51% expenditure met but still to be ratified by Olympic Domain
Mt Gunson style deposit interesting and provides future options (e.g. Deal on HorseWell and go alone on Pernatty)
KAC progress good news
BHP results may still come through in June Q?

The Rest
Less cash raised - does management need to provide more detail how they are cutting back during this period (e.g. salaries and consultant fees)
Lockdown - can Horse Well Heritage permits progress, can Gypsum progress, is deal negotiating still occurring? What productive actions can and will management be doing over the next 6 months?