Ann: Non Renounceable Entitlement Offer, page-67

Yeah, IMO, the need for money in the short term, could have been handled differently ( better).
A CR for the $ million, to get NS over the line, and from there " grow organically"
And potentially a debenture issuing for the remainder, repaid via a monte carlo lottery.
With no options.
Yes the board have been busy, alas, not in the SHrs interests, quite the opposite, even if unintended.
The reset must start at the board level, with a new broom given carte blanche, to do as they please, providing, its in all SHrs interests.
I wont outlay anymore money at this stage, if I'm affected by dilution, so be it.
Did the board put the sulphuric on the possible farminee major for a loan at commercial rates, to cover this shortfall ?
Is it still in the best interests of the company, to have a secure farmin partner, or roll the dice, and do some ( if the company makes it over the line),deep exploration drilling of its own and then roll the dice on farming out?

Raider