there are 3 brokers pushing it so its no secret. Term sheet was...

there are 3 brokers pushing it so its no secret.
Term sheet was out as soon as TH.
Dont think its cornerstoned.
$3m SPP inc in the $10.5m.

Know its hard pill to swallow.
But i am more bullish now, and think this is a clearing of the decks.
Clearly Mongolia is proving more difficult. Probably for a variety of reasons.

However if they are more funded for Taroom - and it comes off - then 25c will be viewed as cheap.
Shell are heavily invested in the area, Omega have had success.

At 15c - despite being a holder - i thought the stock was overvalued considering i wasn't convinced on Mongolia and had lost faith in that value proposition.

QLD really really excited me but i was worried about funding.

I am participating in the placment, taking up my SPP and really excited about the Taroom Trough as - like i said - if it comes off then real strategic value is there at multiples from here on in.