capital raising, page-3

Timeone has signed to take the cockatoo ore at mkt price and has agreed to assist with the funding of cockatoo. Looks like an investor pulled out of timeone and they now have a new one.

Tranche 4 will be completed and cockatoo will now be funded, which is great news. This funding will of course cost us something.

Where the 600 mill is coming from at this stage is irrelevant. That is 12+ months away and CK you are just showing your ignorance by throwing it out there...a cry of pain really.