What about a gold project in the unloved part of the Sandstone district in WA- seeing as gold prices are a record high and it looks like M&A might be happening in the area, motivated by the record high AUD gold prices? Would have been a better plan than banging wildcat exploration holes in the middle of b%** f^&k nowhere in the NT.
Unwanted dilution to "sophs" as everyone rushed for the exits - looking a bit "lifestyle" to the market now and hence the share price reaction.
Ann: Placement of Shares to Clients of Cygnet Capital, page-7
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