Ann: $10 Million Placement To Fund Mine Extension Drilling, page-25

You would have to wonder why Lachlan didn't keep the fault under wraps and give the first cash flow announcement a big red price sensitive alert badge. What was he thinking?

He probably doesn't even seed the core samples with a bit of melted gold.

Why didn't he go to market when the price was 9c in December to get money to drill the deeps? I guess with all the cash coming that would have been howled down

There is never a good time for dilution, those who only see the dilution will always say its too cheap and the timing is wrong.

I like the way he fully informed the market and put a big positive spin on the placement for "Mine Expansion Drilling" which is what it will be used for down the track after providing a bit of support to working capital.