Given the level of interest from funds and sophs who we know are...

Given the level of interest from funds and sophs who we know are actually lining up to get in to WA8, the discount CR price is a little disappointing. And you are right, a SPP should have also been offered. The other surprise is that Argonaut, who were the main seller recently, got another crack in this raise. That said, it's still a very tough market to raise funds for juniors with our our MC. If the ongoing drill results are great and the story builds, all will be forgiven and it should be game on (once the bottom feeder brokers are out of the way).