Ann: Underwritten A$600M Equity Raising, page-22

The misinformed negativity is predictable, from the usual suspects and some new arrivals alike. To hear them, one might have thought that building a big complicated and expensive operating mine had been kept a big dirty little secret from us all!! Investing just isn't for some.

We knew this was coming. The bandaid has been ripped off. As previously discussed, the shorts also knew it - short positions more than doubled in the last year - and the good news is this will likely be the last medium term chance to close out those positions. Our SP and most volume since the orchestrated high in mid April has been shorts churning downwards to loosen nervous sellers. Hopefully the SP will maintain and improve as one would expect moving closer to production and free cashflow, and the price of gold exerts influence.

Whether the debt or the equity came first is irrelevant, the latter in time just becomes a balancing figure to total cost. 100% debt was totally unrealistic and the size of this raise just reflects the reality of what it will take to exploit the ounces in the ground, all as per the DFS. Box ticked.

In other words, no surprises. Well done Glenn and team. Unlike the doubters, I have no doubt in management delivering the mine.

Hi @Netraam, I missed the call today, but as I understand it, 1 for every 7.95 shares @ $1.10 (plus up to 50% of your holding @ $1.10 but only if there is a shortfall), DYOR.

GLTAH!