I still think they have a great resource and I will take the...

I still think they have a great resource and I will take the opportunity of averaging my price down with this issue. Offering existing shareholders and potentially gaining new shareholders (via the placement) is a better option than simply raising more finance exclusively from OCP. I know long term holders patience is being sorely tested (I am one) but I feel the current management team is a big improvement on the past.

Vardy Marley Amy and beyond is just too attractive a resource not to be developed in time which means that the share price will eventually rise in my opinion.

The main question mark I have is around the ore complexity. Provided this is resolved I can imagine that there will be considerable demand for the finished product albeit a few years away.