What's this - an opportunity for current holders to buy up to...

What's this - an opportunity for current holders to buy up to $15,000 of shares at a 20% discount to the current price and get a 5.5cps option.

Interesting - I wonder what they intend to do with the money. Is this what the company was referring to when it talked about beginning a Talisman Deeps project in parallel in the recent report?

I'm glad it's only available to current holders (who held on 25 August) and not a placement or a rights issue. Waiting to see what the company comes out and says they are using the money for, they have made a few hints lately about other projects, Deeps and we haven't heard about Rahu in a while.