Ann: Mineral Resource Upgrade, page-657

We are hostages we will have to take what we get, this is why i have been carrying on about the MAP secrecy, in regards to share issue if LDA accept the 10M call we issue additional shares if the current 25M shares don't cover the 10M,, remember they can decide to take up to 50% less if they decide so may only take up 5M which i think is unlikely especially as this is the first call.

Now we know that Glenn absolutely botched this deal up the only positive will be if 71,500,000 options are exercised at .70c subject to the below

The Agreement includes unlisted share options under which HIO will issue 71,500,000
options to LDA Capital. The strike price of the options is 125% of the 90-day VWAP at the
two-year anniversary of the issue of the options, or if the 90-day VWAP at the two-year
anniversary of the issue of the options is at least $0.55, then $0.70. Options exercised by
LDA Capital will inject up to a further A$50.05 million in equity capital into HIO.

Hope this helps