Ann: Trading Halt, page-8

Pontax is very well endowed with spodumeme.The variables will be hit length/width and grade which the drilling campaign will determine. To me the current campaign looks more like a drill out as opposed to wild cat drilling,, so I personally classify Pontax on the lower risk scale of lithiium early stage plays on the ASX. So I don't see this raise as a rush ock in funds in case the dtill bit fails. Maybe, as has been suggested the recent rosdshiows imprssed a few institutions who want a sizeable stake, or maybe there is a JV possibility. Let's see. These guys have a track record of surprising to the upside.