Ezirida, it appears CITIC took up about 10 million shares, not their full entitlement though. I really can't get my head around the Hindmarsh debt situation. The prospectus clearly states that if they don't have sufficient funds for the entire campaign the they will resort to scout drilling at each of their targets. However, I can't see them scout drilling Spyall or roundabout, can you ? You either core drill those targets or you don't. They won't be drilled any time this year, in MO. I would prefer drilling to only Uno Morgan and Ajax at this stage.
It would be nice to know why we have lost support from our major shareholder. Are they tapped out because of their iron ore investments which are under water by a long way or they are just a little disgruntled ?
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Ann: Change in substantial holding, page-3
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