Adriano - do you mind telling me where there is a real...

Adriano - do you mind telling me where there is a real resistance to a cap raising? I was at the meeting and whilst nobody (least of all BJ given the amount of his own skin that he has in game) likes being diluted there was a unanimous show of hands supporting all resolutions.

BJ is off to the States today for the cap raising. He is clearly receiving a lot of help from the various names of financial market individuals and companies that he has mentioned in the past. He has a bucket load of meetings booked in with various potential investors over the coming weeks. Chinese still looking good. Various Isa mill problems explained - mill stripped, put back together again and all working well again. BJ stressing that budget figs are realistic. Corporate expenses discussed as were the items needed to figure out AISC - that part looking good. He will not be drawn on any costings associated with the North American venture - his view (along with the rest of the board) is that the deal needs to be treated according to ASX rules and that the mkt will be informed in a timely fashion as and when there is something concrete to tell us.

All in all a quiet meeting