I have been told explicitly by the company that this money just...

I have been told explicitly by the company that this money just raised will see them through until at least March when they head into the PFS at which point they will raise 15-20m but the stock should be trading at much higher levels by then and that should be the only cap raise they have to do if all goes to plan. I expect they will do most of that through Insto's offshore who will want to hold the stock on the back of Ian Burston's good record in achieving sales to majors..

The fact they did just $2m now to keep them drilling etc is a good sign as they don't want to do the major raise at such cheap levels.

I haven't been through the AGM agenda but my understanding is that the directors remuneration is performance based. i will have a look at the structure when i get a chance.