placement, page-7

FactorThis,

I have 3 very simple answers to your 3 questions:

(1) No, they are not word for word identical. There is one word that makes them massively different. I'll leave it to you to work out which word it is and why they would have changed it.

(2) The issue price is 7.7c. This can be worked out easily from the announcement as well.

(3) Like most junior resource companies they don't have a full time receptionist etc because they are trying to conserve cash for oil projects. It gives me some comfort to see that they don't have these trappings. If I walked into a newly fitted out office with 2 receptionists on the 200th floor I would immediately sell my holding.

Hope that answers your questions.