Ann: Share Purchase Plan Heavily Oversubscribed, page-169

Mixed feelings on this raise,only 40% of holders took it up (despite there being a no brainer trade) at an average of around $20,000.40% suggests not a lot of faith in management currently.Looks like this extra cash will be put to the same use as the original $25 million, creating a buffer and perhaps allowing for the timeline of DFS and FID to be stretched out, I hope not.Ideally they both need to be done on time and before the Christmas period or this will drop like a stone.Morila can't stand on it's own two feet and is proving a hindrance financially, hence the need to get these milestones over the line ASAP.Pressure is well and truly on the board to deliver and reward holders who have stuck by them who are kept waiting yet again for some concrete progress...over to the BOD to deliver or we are looking at a stagnant shareprice heading into 2022.