smoke signals or smoke screen, page-19

RE Smoke screen and smoke signals.
Watch this space.I think this is the smoke screen.

Note
In October 2009, ADX executed a Committed Equity Facility Agreement to secure a A$20,000,000 facility with Trafalgar Capital Specialised Investment Fund, Luxembourg (Trafalgar). Subject to terms and conditions of the facility, ADX may, at its discretion, issue shares to Trafalgar at any time over the next 30 months. Shares issued to Trafalgar will be priced at 95% of the lowest of the daily volume weighted average price (“VWAP”) of the Ordinary Shares on ASX as quoted by Bloomberg during the prior five consecutive trading day period. This facility expires April 2012.

From last quarterly Appendix 5B

I still wonder whom the "price propper" is.

We would love to see a much higher price , wouldn't we?
(Less shares to be issued)
Time is running out for financing activity.

Cash on hand 31/12/211 was $2.945M spent $900K on Romania buy back, March quarter estimated outflows $1.170 M.
Balance estimate end March is $875k.

As I mentioned, time is running out for financing.

Then again I may have it all wrong. So I will hurry up and wait.

Cheers