I am very pleased with the $10.3m result.
Together with the $11m raised in the institutional placement the company can now proceed with the $22m expenditure program as specified in the letter of offer.
It is good that there is not a significant shortfall which may have compromised the development program and caused doubt in the market regarding the future of the company.
Equally in my view, it is good that the spp did not result in surplus funds and a corresponding overhang of shares on issue.
It's now up to the new CEO and Board to make it happen.
Watch for good news announcements such as the drilling schedule and ssugs progress to coincide with the AGM next week.
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