Ann: ALICE QUEEN RAISES $7M, page-24

As I hold a long term view, I personally have no issue with the capital raise. Short term traders are never going to like companies raising money.

I'm extremely excited about the additional planned works for Horn Island and what our JV partner intends to do undertake this year. This on it's own could be a company maker.

With the increased drilling at Boda East and starting at Mendooran, this will supply a steady flow of news over the next few months.

I would rather they were cashed up and increasing their drilling program, as they are, than sitting back and going slow.