Ann: BlackEarth completes heavily overbid Placement, page-18

Good to see there was plenty of interest from institutional and sophisticated investors. Hopefully some of them stay for the long term growth (in particular the instos), though likely now an increase in supply above the raising price.

Given the state of US markets it was perhaps a well timed placement with likely downward pressure on SP resulting from the uncertain US lead. So its good to know we now have funds for Metachem J/V requirements, DFS and more resource definition, so thanks to all our sophisticated supporters.

Now lets hope we get progress quickly on the Metachem J/V re site selection in India, construction timeline etc