news is now due.., page-58

The auction bidding was a bit odd. 5M here, 2M sell there. None went through in the end. Hmmm...

As for the lack of news, well anyone who has held a resource stock in their life knows that things very rarely get released on time. We've been told the grades will be released this week. So will it be Wednesday, Thursday or Friday? We'll have to wait and see.

With regards to the CR. There is no doubt in my mind that cash will be raised at some point in April/May, but the bottom line is that these grades are due any day, and if they are over 35% Mn then look out 6cents+ in my opinion. That sort of stuff is what SRR are trying to beneficate their resource into! We can just dig it up and sell it if this is the case! If we have portions that are DSO ready, then that short term production target will be very achievable.

Rapster, any reason why you think a capital raising will be done with a 30% discount? In May last year their small rights issue was at a 16% discount. In December last year, a discount of 24% was offered.

Refer to TH's post last night.

"last time management only tried to raise $800k at 2.2c, I take it that they have the confidence to do the next raising at higher level & they are aware of the need to minimise dilution, good to see."

TH makes a very good point. KH is very much aware of the dilution effects of raising capital when cashflow could be around the corner, or cash could be raised at higher prices with further good news in the pipeline.

Let's see what the rest of the week holds before we jump to conclusions, hey rapster.