Ann: Update - Proposed issue of securities - SBR, page-4

Alot of dilution down the track, also at 0.6c maybe create a stumbling block to get over 1.2c as cap 50m.

Plus maybe profit taking.

They have plenty cash pre this. Shame not drill out sherlock, revised mine plan.

Most likely would have been sp rise natural.

Then a cr. Maybe cr to appease existing option holders with replacement options when present expire.

Most likely find the top 20 heads holders, also are the top option holders.

So looking after shareholders, not the company per say on the issued capital side I feel which is wrong in my books.

A consolidation is alot closer now