drilling results, page-4

So the way I see it is basically one of the following:

A- Finance deal is on track, $10M will be secured as debt financing, the company will be able to draw down from this facility to get the project starting, the company had to include the proposed cap raising in the next meeting for legal reasons after the ASX inquiry. once the finance deal is signed, none or little of the capital raising going to be needed. rememebr JB said in the first ann the fiance is going to be a "mix" of debts and equity.

B- Finance deal falls over, rely completely on equity raising, big dilution, still have a chance, but no where near as good. almost 3 free options attached to each share is way too generous especially when u pay the normal fees on top of that.

Certainly hoping for Options A, but watching closely to see if they follow B.

Good Luck!