Ann: Placement to Raise $10 Million , page-15

Well the share price will drop to around 1 cent as that is the price of the SPP and the EXMO's that have had days such as the first of june this year when 11 mill traded as high as .008 are just about worthless - that does not seem to be looking after share holders because the share price will not be 3 cents by the end of the year so not worth exercising them by 31 Dec 2009

I agree it is time to push the project towards production but this looks like a slap in the face with a dead fish to current share and option holders

They need the money and it has to come from somewhere but share holders look like they are being screwed here in my humble opinion so I might move my money elsewhere if I can off load tomorrow at a break even or there abouts price.

I cannot see one decent positive at this stage except they will have some cash and a lot more disgruntled shareholders

Oh well we win some and we lose some

Hoges in Darwin