Ann: Proposed issue of securities - MKG, page-17

I am not seeing the Goldridge value. Peter has to lay it out. It's just another much smaller area picked over by artisanal with all the same issues. Even looks like David's southern extent has a settlement right on top of it. That ought to go down well.

I reckon he was approached with the deal after the TIE offer and considered it an easier way to get the $2m raise over the line than what I suspect was going to be used instead: Brobo.

Apart from that. The 1c placement was I guess inevitable as he has to keep on giving huge discounts to vwap just to keep money coming in. $2m size is ok as is SPP participation. But SP has to move up from here. 2c Options... whatever. Nobody will complain if the share price ever moves in the opposite direction.

The real issue here is given how inefficiently cash is being used to add tangible value to the company is exactly that. If they can get some dense, long, decent hits that show an easy drill out of a resource SP should move up.. but that is what all that augur was supposed to be the prelude to but apparently useless. Maybe just some sort of socialist work program for jobs and no result in the end.

Should management reprice performance shares etc. Not on your Nelly. Take some responsibility for their actions for a change and feel the pin in the hip pocket like everyone else.. Feels like I am exposed to holier-then-thou practicing Christians, unreasonable and forever passing the collection plate.