Ann: Trading Halt, page-15

Hi Chand

I don’t know about that

it’s interesting that last time many moaned about raising at 17.5c and yet how cynical and unappreciative are they as they quickly bitch; forget, about real ROI ergo 30/17.5 equals 58% return, so I just think it’s the “short sighted traders” that miss out if they choose to sell for any less.

There’s no denying this appears a large cap raise but in order to achieve this brokers and underwriters will quite reasonably seek assurance, the spend will bring home the bacon in the near term, in any event seeing us as a miner not an explorer anymore.
I’d like to hear from our management the true allocation of funds to see if this is the last push, whereby some is spent on FFS “with a huge JORC resource” being one milestone, before the turning of the essential plant key.
I think we’re on the right road here with Cu Au etc in tight supply for many years.