Ann: Exercise of Unlisted Options Fully Underwritten-MRD.AX, page-11

sorry been without internet last few days...

what a terrible predicament!

Ace i agree re Sheed...... cracker player, he is back this week so expect to see him in an eagles jumper within a month i guess....

anyway, about this underwriting.

Initially i was quite shocked/amazed as to me it seems like an extraordinary risk to take in underwriting these oppies at 2.1 cents when lets be honest, if this first hole is a fizzer we will most likely be about 1.1 cent, and you will most likely be able to buy 93 million shares at those levels all day long lol but i believe very strongly that there is something there to be found and it seems there are others that think the same?

the 3 cent oppies may be a concern to some but i understand there has to be some incentive to stump up the 1.9 million right now so imo this is an extraordinary coup by the directors of mrd...

really really pleasing.