Ann: Kalkaroo Project PFS Update, page-82

Id be grabbimg a few more. Not that avwraging down is a sound investment practice though increasing holding will increase your righ to more of a placement.

In saying that i dont believe they will require raising more capital without there being a deal done.

The quality of current assets should see them able to offload a project or JV a project with a cash injection as being part of the deal.

Wanbao or no wanbao it doesnt matter there are enough companies out there looking for projects that are close to being started.

Part of the mining boom not so long agio was it was a boom for producers and most did not look to the future.

So now there is a shortage on projects.

HAV has more than 1 that a deal can be struck. If the COB test results are positive i would think wanbao will make an offer before june 30 so that it may block or jump an offer from left field.

Extreme optimism some would say.

Less than 8 weeks and probably 6 weeks till we know.

The doldrums continue

Cheers