Just to clarify, this 28 days business is NOT an extension to...

Just to clarify, this 28 days business is NOT an extension to the cash call due December. As far as I know, that's covered. Having said that: from today's announcement: "Four Mile Uranium Project November 2014 cash call (due in December) to maintain its participating interest in the Project."

How can they possibly use this raising to cover that? The timing is all wrong.

From ASX announcement: 20 November 2014: "Prior to making that election, ACE sought a 28 day extension of time in which it must make its election"

The election refers to whether they would contribute to the 2015 budget.

Notice the use of past tense. "Sought", not are seeking.

Make no mistake about it though, there is value in B4M & the stockpile.