Ann: Funding Update, page-139

Hi Croc ... the point everyone here seems to be missing and it's a simple fact. Management have not achieved what was expected (including ME and all his tweets) in a timely manner.

They had a plan, sold it to the larger shareholders, tightened the leash on the larger shareholders by extracting more capital from them and then failed to complete the mission - at least so far - now delays and naturally more costs follow. And now massive uncertainty.

The warning signs were all there and the question whether explorers can change to producers still dominates, ME included, who after all is an accountant I assume.

I think it was Wilma who made the point yesterday ... the options are the key - company has to keep them in the money to encourage exercise and further capital injection (through yet more dilution). The company will be burning shillings by the bucket.

Opts expire on the 23rd is it? Six more days to keep the SP well over 15c - that's why the bots are working overtime - I doubt it's accumulation, I expect it's Top 40 survival mode and they're being milked further. Problem now is - who ever is buying also needs to find the 15c exercise money.

Waiting for an announcement as to who is buying ... that will be significant.

The battle has only just begun.