Ann: Accelerated Non-Renounceable Entitlement Offer, page-8

Hello and welcome to you, Mr New Shareholder !

Now just let me dilute you, even though we said we wouldn't be doing this (another CR).

Sure it is all about timing, and buyer beware, but I did my Research and Compny has just taken out a refinance loan and received a free Gov't grant in the Millions, plus NM said there would probably be no need for another Cap Raise... Well that commitment lasted a long time !

I purposely avoided Empire Energy due to their perennial Cap Raisings, is Armour going to go down this path as well ? No matter what option they decide to take with Far North Qld, it will cost a lot. I was thinking this might be funded by Tribecca, but the door and temptation has now been opened to Cap Raise dilution.

In the space of a few days I am changing my view about this stock.