Placement $5 Million March 2011, Placement $2 Million Dec 2011...

Placement $5 Million March 2011, Placement $2 Million Dec 2011 (booked as asset and equity), receivable $1.3 million received on 3 Jan 12, shows as asset and revenue.

Less costs (management bonus etc).

IMO another cap raising by May as can't really trust any management timeline. I reckon that is why they are heading east now and shareholders will only be seen as an afterthought.

Can't really complain - unlike most I am making at least some money out of the share price dips and plenty of scope to get seriously onboard at a low price if they indeed come up with the goods.