Yep, we should give the board their due, and support them, because in the past the directors have given a very positive lead in capital raisings.
In the last capital raising back in February/March 2013, they contributed these approximate amounts.
Green $30,000
McCracken $75,000
Castle $20,000
Trevisan/TRG Group $480,000
This was quite good, so we should be fairly confident.
Onward and upward. The company may want another new project, something excellent. And they need some luck. It's not easy. They've already done a lot of work, especially Green. They deserve a break. Sometimes it only takes one massive lucky drill strike - who knows.
There is a Graphite project available at Munglinup 1.5Mt @ 18.2%
There is a Gold project in Ghana at Akoko 1.7Mt @1.9 g/t
There is a good Zinc project at Admiral Bay but it is currently Under Offer. If the offer falls through they should be jumping in.
There is the Isis project in the Fraser Range that is up for sale.
And to throw in a left-field roughie, there is the Qaamasoq Diamond project in Greenland (hey, you gotta laugh, but why not).
And there is also a couple of good Phosphate and Fertilizer projects available for research.
Personally, I'd get into medical Marijuana or 3D Printing, or even Graphene processing, but that is probably never going to be the remit of this company.
There are some really interesting things to research out there at the moment.
Anyway, back to the capital raising, it deserves to succeed.
Good luck to them.
Gw
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