interesting events unfolding, page-5

Going by the way Ian Finch has run his company's so far, I doubt he would be mixed up in any funny business.

Doing this placement at 25c seems cheap to us, but until we prove up the "U" we are stuck. To prove up the resources we need money now.

Having these funds secured plus the amount raised at 15c makes me feel secure as a shareholder that we can forge ahead. Take what you can now because another small GFC and there will be no money around for another 6 months.

If this guy from Singapore has good raport with the Chinese it can only help, because the cultural difference is one of the hardest things for Australian companies to get there head around when negotiating.

I am sure more info will come out soon by the company in regards to this placement.