A wonderfully jaded (after 4 weeks on the road) Les Emery...

A wonderfully jaded (after 4 weeks on the road) Les Emery presented to a poorly attended 74th Minesite conference. Then he had to put up with oz-baiting from Silly Cawkwell. But he's a tenacious old bird, if ever there was one. Not much new in the presentation, but:
1) the offer has clearly gone well. Upped from an initial $25m on strong investor demand, and looking as if the over-allotment will also max out to give a total of $63m raised (plus 20m in the bank from the summer raising @9c gives a good 80m cash in hand).
2) drilling remains a high priority. The 5 diamond rigs on site have3 been contracted for the whole of 2011. New sites as well as expansion of the Yandera deposit laterally and at depth are targetted & not just Cu. Resource could double from 5bn lbs Cu to 10. This still excites Les.
3) MOU with China non-ferrous also regarded as v. positive. Indications are that project export-financing has been thought through at the Chinese end, and is a priority.
Looks like a heavyweight in the making.