Ann: $10 Million Placement To Fund Mine Extension Drilling, page-26

Be good to get a break down of how much will be used for working capital and how much for exploration.

Something doesn’t add up, narrative is all expansion through exploration, reality they need cash for operations.

They could waited for some of the apparent free cash flow to fund exploration there’s no immediate urgency rather than further dilution.

Freepoint on 20% and significant royalties from previous deals, Lachlan $525000 plus $150000 bonuses and more performance rights etc

Shareholders more dilution, it’s not just this latest round it’s all the others and constant shifting of goal post. We’re going to dilute more so it can be bigger oh and down the bottom of the the list we need some cash for operations because we got our numbers wrong or there’s a cash blow out. But don’t worry about that it’s going to be bigger and BHP might buy us