Ann: Notice of Annual General Meeting/Proxy Form, page-26

Hope you are right, the trading pattern at the moment does not look good. The good news usually comes before mgmt give themselves pay rises and bonuses the bad news after- yes sorry we said pave the way to dividends but unfortunately we need more money to get there have some cheap shares and options.
The best I am hoping for is a pump prior to the next raise, did not do my DD on this so will cop the punishment and take the hit, I would say as this is entering dilution death spiral territory and think the next raise will be very ugly when it comes, I dont think it will be raised for merlin but will be put into getting those performance targets. Consolidation and debt financing rinse and repeat.
The best hope for retail is that they are sitting on news and diamond finds for the next road show!