digestion factor, page-8

PRU was unlucky have to cap raise at the depths of the GFC. Would have a much higher SP now if the timing was better (less dilution)

Co's developing now like GRY and AMX , face a much better appetite for project financing , now that "QE Ad infinitum et ultra "

I had a chat with an MD that attended the Denver conference this month. He said the future for project financing is looking alot better now , than in the last 18 months.

He also said to expect to see some more "non-conventional" financing arrangments taking place (that avoid huge dilutionary raisings)

I'll let you know more about this when I hear so .