Ann: Capital Raising, page-63

I was thinking having extra cash and buffer in this current climate is healthy, I have seen many other miners wait till the last minute to raise cash for much lower prices although I would have liked a higher price but it is what it is the institutions and sophisticated were only prepared to pay that price , in the next few months when commodity prices increases towards the end of year , hopefully the funding is before then , in a couple of years after strong cashflow they can do a buyback , short term pain leads to long term gain.