Hi, all, IMO! If they have a resource of a million oz au @ 10 grams per ton they would be home and hosed! The reality is they can't guarantee it! Having the "right geological environment" isn't sufficient, and ,of course they haven't proved up 1 million ozs, that's reality! To raise that miserable amount at a discount is a disgrace to all the true believers, they should have had a rights issue. No Prospectus required. And the retail share holders could have been given the option of whether to invest or not, not just ignored. We will finish up diluted as hell. This is proving to be a mismanaged company, it may, in fact never be a goer, unless they get lucky. The resource hasn't been upgraded significantly since the original drilling, though we have gone from potential open cut to underground, at some cost though. I'd be very wary of any deal with ACM too, not convinced it would be at arms length? Looks like my luck has run out but it's only money! BOLTA!
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