Ann: Security Purchase Plan, page-28

Saw this same garbage last time they passed the hat around. Drew up a neat table and plonked some nicely rounded figures next to a bunch of hopeful milestone targets.

The dilution is beyond a joke. There is not enough gold in the ground at Kat Gap to ever see this thing turn a profit for shareholders, even if they manage to get to mining.

BTW, the frigging Gekko was not even mentioned in the planned expenditure published for the last Share Purchase Plan. Didn't stop them spending half the money they raised on it, while bugger all was spent on growing the (small) resource.

I'm cutting losses here and out with relief and lesson learnt.