Appreciate your responses Dragan etc Bit of a chicken & egg...

Appreciate your responses Dragan etc

Bit of a chicken & egg thing here. Do we get a jv first, then op money will flow, or do we get cr money first, have less pressure at the negotiating table and take the time necessary to achieve a better deal.

IF there is no jv announced soon, then a cr will be required.

The 250m performance options I referred to would only bring in $25,000 (they are exercisable at .0001 cent per option, subject to T & C) I was merely pointing out that there would be a heavy dilution if they were exercised, knowing that the dollars in the coffers would be minimal from those converters. If we are to have a dilution, it would be better getting some serious money in the bank so the ventures can move forward (apologies to Joolia)

Not sure where you get the 8-10 mill from jv or 5-8 mill from La bella from? Haven't noticed those announcements anywhere.

I suppose my point is we either have an announcement and cash pre-30/6 (unlikely) or we need to urgently get funds from elsewhere.

Like us all, I would much rather a jv ann to come out pre 30-6, get the oppies in the money and continue from there, but I can't see that happening.

Many of us are up to the hilt in this company, and it may stretch some to be called upon for a cap raising.