Ann: Change in substantial holding, page-9

MOD 70% of a lot of those tenements as well. We are still trading close to 10% of their value given 100% ownership for KMT.

Gas has taken at least 20m of the placement shares across that CR and the cross trade for 10m I would say. Anyone know where the other 10m came from? The notice has him going from 26m to 56m but only 21.2m accounted for in the two line items?

Not going to defend the raise price, it was pretty shit. In saying that we all knew they needed funding and it was consistently being held down. The risk is you hold off and raise even lower. Take the cash while we can now, put it to good use and hopefully generate good value before the next one is needed.

55m options at 6c should be managements target. Get price above that and have them filter in as conversions and that keeps the kitty topped up with $3.3m over time.

Or at least that is my take on it all