Agreed, near 40% in foreign hands is not my ideal situation.Any...

Agreed, near 40% in foreign hands is not my ideal situation.

Any thoughts/comments on the release of the $19m for operation tied to the placement? I don't believe the events are mutually exclusive.

Anyway, for the 19.9% placement which will raise the total of $5.3m (whixh is much for the upside of PLV) why not raise debt? I'm sure if the metrics of the current project was worth its chops, a commercial lender could lend $5.3m secured against the company assets. That said, I'm sure GNR stitched up PLV in the terms which basically eliminated this option.

New capital isn't a problem if needed, placing with one party which will give them (in conjunction with one other) control of PlV is ultimately the problem.

An SPP or raising to sophisticated investors would be much more palateable, spreading ownership is better than concentrating it!

All in my opinion.