rights issue - 3 options, page-10

" particularly notice we have not had any photos of the DSO and Native copper stockpiles. I believe them to be large, others think they hardly exist. "

Hmnn - Ozblue if that be so then why panic to have the rights issue / dilution that wasn't even on the radar and not in shareholders best interest 7 weeks fully underwritten.

First the flag waivers said Rocklands was fully funded cause the CDU announcement said the process plant was paid for. Then they said your DSO stockpile would cover any shortfall - Then they reluctantly said O.K we could need a little debt funding - Then when the $105m loan was announced they said we dont need all of it and its just insurance and even the old buyback flag was run up the mast again- And now we have 34m shares being issued at $2.50 with a free option to buy another 34m shares at the end of 2015 right at the time when when the process plant should be spiting out more $$$ than expletives at a Rodney Rude concert.

All very odd isn't it.

hOOt