Kangan is just a small part of Novo plan's to keep their story...

Kangan is just a small part of Novo plan's to keep their story going imo. But why would PIO want to dilute their shares when cash is coming their way?

For Kangan, If PIO is proactive, they will not announce a year ago to say 4 prospectors are ready to show some results and then a month later at the 2017 Nov AGM claiming that they are not worried about Kangan and let the big boys proof the theory (ie they will just sit back an relax and enjoy their early Christmas). If they are prepared to slack it down 1 year ago and now fast forward one year later, they look desperate to get a million dollars from Novo at a point when Sinclair is supposed give cash for their other exploration projects. Absolutely does not make sense from a strategic point let alone whether acting in the best interest of shareholders.

IF $10m is coming, why do you need Novo to spend $0.5m for you????? Sounds a paltry sum to me compared to the $10m (or perhaps $600m as some has claimed?).

Remember their presentation propositions "bang for your buck", "cash to fund other exploration projects"

Perhaps the CFO has worked out that they need cash soon? DYOR.