Ann: $32.5m Strategic Institutional Placements, page-5

Market cap goes from $260mill to $290mill, not the worst thing in the world aslong if it gets us a bigger resource quicker and we use it to upgrade your plant to 240ktpa.

Whats interesting is no concentrate blending agreement between A40 and GXY, that means their investment was purely strategic and further to that we see Jiangte have popped up originally all sourced said $22mill @ 20cents to GXY only, looks like Jiangte got and the phone and said demanded a slice aswell.

With the lack of a blending agreement or board position, I would say both GXY and Jiangte have designs on A40 here especially Jiangte no reason for them to ark up and want to increase their stake in response besides they want fair billing in any fight that takes place.

Great to see GXY guys little comments recognizing the quality of our product that was big of them to acknowledge another company when you see Ken from PLS making very petty comments about everyone else, it's nice to see some display alittle class and grace.