re: Ann: Coarse gold nuggets in Tandarra dril... Stoeger - You are mixing an SPP up with a Pro Rata Issue! Under an SPP there is no shortfall - it's simply a function of what was applied for can only be issued by the company!
With regards to the company's rapidly depleting cash position - I agree with you!
However the only money they will be getting at the moment - is what they collected over the last 7 weeks via the SPP!
Anything less than $1m would see them with very little cash by the 31/12/12 - and would see them having to return to the market again to raise additional capital!
The pricing of the next capital raising will be a function of how successful their current exploration programme proves to be!
Ann: Coarse gold nuggets in Tandarra drill chips , page-13
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