Ann: Prospectus lodged by Norwest Minerals, page-36

I agree mate! I for one would have thrown some more money at AUZ to avoid dilution. . .

And there would have been a lot less manipulation in the future done by us mere mortal retail holders . . . I can understand going to Burgen for ease if the conditions were favourable to AUZ and the fees were less but they are not!

For the pleasure of giving AUZ money - Burgen recieve 14.8 million collateral shares and a 3% fee, payable in shares, for the total amount loaned.

The 3% fee or $360000 could have paid argonaut in a placement and the 14.8 million “collateral shares” could of gone to us loyal long term shareholders. Management can make discretion as to who the placement would have gone to- LIKE people that have not sold shares in the last month for instance!

WTF! Is all I have to say. . .