Ann: Non-Renounceable Rights Issue Offer Document, page-16

re: Ann: Non-Renounceable Rights Issue Offer ... Have been around although keeping low profile as there has been little to comment on to date. The funding issue has been looming in recent times so the latest raising should get them through to mid mid next year. I just think at these levels it is bargain basement pricing considering the assets and potential opportunities. I think we have all been disappointed by EDC to date although they are gearing up to shortly commence work on HRL's tenaments. I hope that Mark can extract some strategic partnerships with other large players which could lead to a re-rating of the stock. I see great potential upside with little downside at current levels - definately worth the punt.