Ann: Share Purchase Plan Offer, page-15

Yes i thought the same thing bollinger. There was not even any mention that this money is going to be used to build at least one of the planned exploration declines at Mallee Bull & Wirlong. Unless Pitt has now convinced them to drill from the surface. If he agreed to stump up $3.6M & underpin the cap raising then i imagine he would of had substantial input into the decision making going forward.

I still maintain they are looking to drill out as much as possible, get all the approvals in place, do all the studies etc etc because they are looking to flog this off. Pitt has a history of being a discoverer & sometimes partial developer. Not a long term operator of a mine.