NM and MF would have spoken extensively to the major holders to...

NM and MF would have spoken extensively to the major holders to get an indication as to there take-up of the issue.  The Top 20 have 45% so that is nearly 500k including those that have multiple holdings outside the T20.
I think MF has a very good understanding of his potential liability and besides, it will reduce his average entry price.
I would love to see plenty of really good news ASAP like everyone else.
Anticipated good news to come:

• results from the last batch of drilling
• drilling recommenced after a short break
• application for a Mining license
• Environmental approvals
• upgrade of existing JORC
• acid leach testing results

All of the above I think is very realistic over the coming months and will provide multiple reasons for a share price re-rating.

The final SMART program study, because of the addition of all the oxide drilling results and additional core drilling for proper modeling will probably take a little longer.

Cheers