SP Discussion, page-150

Sm has another 15mil he needs to raise somehow which he has told the market. How is he going to pull this off with the current share price im not sure. Maybe theyll up the option count to 1 for 1 thats why it looks like they are stalling the rights issue at the moment. He will also want to drill again pretty soon after the flow test so will need another 15mill there. Will he or wont he raise before or after the flow test the market will punt. So one can see why the SP is where it it is as it can no longer support his raising efforts without seriously destroying the share price.