share purchase plan, page-6

Kingsley,

Your understanding is correct, with one exception, they will not reopen the SPP. Management will have a number of options as to how they raise the money:

1) New Share Purchase Plan
2) Institutional Placement
3) Rights Issue

The point is that they will not have to go back to shareholders to approve such a plan as they did at the EGM in June as it has already been approved. They will just be able to announce one of the above options.

Wardy