Ann: Presentation - Noosa Mining and Investor Conference, page-645

'If Peter wants to raise quickly then private placement and we retail would be left out with more dilution and at a price well below current SP.'

If Peter were to do that, then he should go back to practising law.

Look, a CR has been in the offing for some months now. HQ has had plenty of time to organise money. It should not have to resort to quick cheap funding. I think that your post is way off the mark.

Also, receiving money from shareholders would take many weeks to achieve. If HQ wanted that to happen, then it would have started that process before Christmas. I can't see that as happening either.

No-one would want sophs to be given the guernsey either. That would be at a discount and then we would have to put up with the flippers in that group. BAD!

Therefore, my money is on a CR with a cornerstone investor, one that appreciates the value of the tenements.