Ann: Trading Halt, page-14

there has been a lot of unfortunate unexpected events such as not being able to drill close to the discovery hole until the end of the campaign.. so all their hit and hope holes got done first and we are still ( hard to believe really ) waiting for assays around 0036 which was 17m of PGE at decent grade... farming access

they gambled.. we lost because time = selling pressure

i agree a raise much sooner, before assays from this campaign, would have been appropriate and smart, given that they have not 'ruled out' the contingent payment deed process but they know more about it than they are letting on to shareholders, they absolutely should have gone earlier

so either they are raising now before results from the holes around 0036 because they know that there is a sugar hit for the 708s and instos or they are raising so little ( if $3M + SPP then I would consider that modest ) because they know that in 3-6 months time there will be a result from the contingent payment deed process

if they had to go last with the proximal holes to the discovery hole to be honest I would be happier if they waited to commence at that location rather than spend a fortune, on 'stratigraphic holes' all over YB

there is approx 80M SOI now so 10M @ 0.30 gets them $3M.. plus 3M @ 0.30 SPP would be another mill or so

I'm calling ~ 95-100M SOI by the end of this raise and we just hope they hit some Cu / Au / Mo at West Musgrave

GLTAH and of course DYOR