I'm not in the prediction business, but they did a placement of...

I'm not in the prediction business, but they did a placement of give or take 8.5% of the company at 15c a share.

Hence in the next 7 days I guess you'll be able to pick up shares at 15c, and there will be a consolidation between 15c and 20c before the next announcement, and quite possibly a rerating of the company at commencement of production.

If you want to maintain your holding, I would attempt to pick up about 10% of your current holdings on the open market between the 4th (when they do the Appendix 3B and issue the shares) and approximately a week after that. It is always hard to say with these raisings.

I do not think we got too good a deal, at least they let the word 'sophisticated' slip from the announcement this time, which is some sort of relief.

They raised 500k in the last placement on 30 Sept, and they raised approximately 1.2 mil. this time around; from the last financial statement the burn rate is about 750k a quarter, so this should keep them going for 6 months or so, until proceeds from production start coming in. If they come in at the upper end of the 2-4 mil. they project, then hopefully we can get to stage 2 of Mt Carbine without too much more dilution.