Ann: Placement of 8.8 million shares , page-16

Isn't the Chinese deal supposed to complete on 31/3? I haven't heard of companies giving cash over before completion. If it's 15% fully diluted - means whatever happens, they are acquiring 15%. So, if there are more shares on issue (i.e. due to a placement), then the Chinese will buy more shares than before to get their 15%. So, the placement on Friday was 3% dilutive (hardly worth the effort..), so they will buy another a couple more shares = more cash.

$882k isnt exactly strong cash flow. All up, 3,000t of concentrate was sent in the December quarter. Per the latest announcement, production will be 1,900t per month. Mining is pretty expensive(and risky), and in the current environment (Europe, commodity prices, etc) I'd want a rainy day fund.

Isn't ASOF funding discretionary (i.e. KBL can cut it off) beyond 6 months?