Ann: Capital Raising , page-8

Ok they had A$15m in the bank and they needed USD13m to get
the gold project built. At current conversion rates they needed A$18.5M to build the gold plant. ( Company raising money in A$ to pay for commitments in USD.) The 'extra" A$4m from the capital raising will be used as working capital to operate the mining fleet, pay wages etctera until the leached gold solution can be processed into dore. This usually takes a few months. Sounds ok to me. I am glad they have the money. Will put in a bid at 10.5 and wait for it to be filled. Aim to sell out just prior to commissioning. Price should be somewhere between 18 and 23 cents.
good luck to all.
cheers
omg