this was always on the cards. either they want to go it alone on the Bundi drill or they couldn't get a farm-out (on favourable terms)
25 million shares at 2 cents would be ideal for 500k plus the 500k they have in the bank. thats enough for the IP and a drill but it will more like 1.6 cents. can't quite remember how many FPO are outstanding but it will be the full 15% I imagine at a discount. better they go it alone for the blue sky punter like me. Bundi's a big target by their accounts
AON Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
