If these details are correct Scalper then this capital raising...

If these details are correct Scalper then this capital raising is yet again an absolute gift. The 1c shares I can stomach although it does look like we have been sold down over the last few weeks after it looked liked the tides had finally started to turn, Funny that. What does really tick me off though is the gift wrapped 2c options. Seriously, 2c! If you are going to gift options after already giving away the ordinaries at least put a strike price on them that gives us long term holders some hope. I would have thought 10c would be more appropriate. I do hold our management in high regard, I wouldn’t have put so much money into this and held for so long if I didn’t however if I have one criticism it would be share price management. Previous capital raisings have been poorly timed at giveaway prices and come across as desperate IMO. This one, if correct is no different, infact considering where we are at currently, with assays pending etc… even more so this time round. IMO these capital raisings are the primary reason why our share price has been in the gutter for so long. We need to raise money, sure but not continuously at these giveaway prices IMO. So this capital raising, if correct is obviously necessary however the nuts and bolts of it are disappointing and with now another 500m cheap shares on our register our share price will likely continue to struggle gaining any traction.

All IMO.