asx announcement, page-18

Ewl,

No problem, I agree with you, there are lots of co management out there doing just as you say.
The result of the placement is a disappointment but I think there are a variety of reasons for the shortfall.
Too many other placements in the last couple of months. I believe AGS who should be in production early in the new year had a 52% take up.

I also think the number of shares issued concerns some people.

The market drop off in the last few weeks and continued mixed economic signals did not help.

I am in for the long term and was happy to take up my entitlement, for others there are too many other short term opportunities in the market at the moment.