CC would not overstep ASX rules he is too professional for that.Firstly I think you find a lot of these shares were issued to Acorn to bring them over 10% which means they hold a blocking stake to any hostile takeover.Add the loyal shareholders with significant shares and it seems Pala have no chance of taking us over unless there offer is very good.
CC wants to get stuck into the underground at Maxwells asap to bring production to over 100k ounces per year.He said he needs cash now to do that and plans 2 declines over the 1.5km Maxwells resource.He says the return from the extra cash raised will be excellent.
I am not happy with the number of shares we now have but I think this will all work out,the main thing is the quality resource and the extra gold already found and the potential to find a lot more.
There is no underground mining in the BFS and it looks like we will be underground mining pretty soon.Time will tell what is there but you can bet they are not in a hurry to dig it out for nothing.It sounds like we will start with +100k ounces per year and build from there.
Hang in there I feel a lot more comfortable.
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