Ann: Trading Halt , page-45

1. The cap raising.

Do not whinge if this is at a price of 28c to 30c. The share price had been knocked down at the end of each day recently. I expect the raising will be at a bit of a "mates rates" discount to recent closing prices but not so much as the ugly one last year. If you want to be one of the "mates", get on the phone although chances are you will be already too late. You need to have funds ready to transfer and be a sophisticated investor.

2. Plant expansion.

Part of the start up issues almost certainly relate to the nuggety gold. They may or may not already have a gravity plant on the front end. This was one of my concerns last year. Rumour said they did but there was never an announcement. Depending on ore characteristics, they may be able to triple plant output with a combination of in line pressure jigs and a rotary high temperature digester. Cost about $3M new I expect. Plenty of other options as well.

3. Gold Pour.

I'm sticking by my 60kg estimate and hoping like hell they will pour three times as much.