Ann: Progress Update , page-2

Well. Well. Well.

Torey doesn't do things by halves. Three cap raisings in one, eh!

1. $30m arranged by CIFI at an equivalent 10cps. Confident of success, Good.
2. Approx $1.65m placement of 100m shares at a discount, Grrrr.
3. Material cap raising in support of the CIFI raising. Supposedly allowing ordinary holders to "leverage" into the forward momentum of the EHR story. Hmmm... It will be interesting to see what the terms are.

Also, apparently there are some exciting findings of the technical review. Something for the geologists to get excited about, perhaps, or does this hint at something that will affect the scale of the project?

Also, you've got to love it when Torey uses the plural to describe EHR's portfolio of projects. Makes you wonder whether news is imminent on the Fiale project except that Torey's ever present time disclaimer is there.

Intriguing ... the story continues to unfold as kk says.