new ann.- disclosure document , page-19

We all need to be careful how we judge this cap raising. They could have gone straight to sophisticated investors and left us out. Also they have reduced the amount of the cap raising which means no further dilution by reducing it from 7.5 cents to 6 cents if we all participate. It does seem to becoming more common these days in the current financial environment that many companies are reducing the price of cap raisings to create certainty. I think tomorrow morning we will now get the operations update and hopefully the idea MNM have is that the news tomorrow will be positive which hopefully should stop the share price from dropping below 6 cents. Why else would they announce the official cap raising without first telling us why the price was reduced. At first I thought it strange way to go about it but maybe there is a reason. You never know we might get an update on the drilling at BM and an idea of the resource in the ground.