Broker upgrade coming, page-10

My thoughts are a credit CR now at 10c, I say this because if bel is a dud be will drift back to 6cents.

300,000 mill shares would bring us to about 4 billion shares. (approx)If Bel is a dud then no need to raise cash. If it comes in the share price could be around 20-30 cent mark and maybe an offer on the table by a major.

It would be nice to raise money at a higher share price but unfortunately market forces have capped the price.

Then of course I could be totally wrong as FAR management must think we have a better than 50% chance at Bel as you say.

either way Im not too concerned as long as SNE is fast tracked into our first production well. Once we have income there will be no need to dilute to explore the rest of our ground.

Chass