Ann: St George Secures Over $6 Million-SGQ.AX, page-8

I think the future will show this to be one of many solid steps forward the company has taken YourDudliness.
John is caught between a rock and a hard place.
He doesn't want to dilute existing shareholders positions but at the same time needs funds to accelerate the drilling programs.
It is a major step forward moving to Bell Potter Securities as lead broker and with that they have to be able to offer it to sophs and institutions. For me it is fantastic and the overwhelming support that has come from institutions and significant individuals shows that recognition of the value of what has already been achieved is being realised.

The most important thing is that with relatively small dilution in the big picture funds have been secured which will allow St George, in John's words "to vigorously progress the tremendous opportunity at Mt Alexander" - and we know that the working capital will be spent diligently and frugally (at East Laverton as well) - and despite comments in the threads to the contrary I will be very surprised if any of these sophisticated and institutional investors are in this for the short term.

What I believe has happened here is that the company has secured the funds for campaigns that have the capacity to show the real potential of St George

For investors that have held their shares the benefits that come from this will, in time, prove extremely rewarding
I'm not disappointed in there not being an SPP - you can't have one every time and I took full advantage of the last one at 8.5 cents when the shares were trading at 12.5 cents so I am certainly not complaining - and I still hold every share I have purchased and am absolutely happy with the way the company conducts it's business.

Cheers to all
IO