Talon Today, page-650

Hi Gesrite

For me I was really upset when they did a capital raise against what they were earlier saying. Keep in mind I had owned shares in STX where is seems they do a capital raise every other week.

As I had previously posted I spoke with the company secretary and they believe they have cash covered now at least until Dec next year (is as far as TMK had given them budgets). Debt is part of the package of funding (yet to be finalised).My view these guys were upset about the capital raise and have tried to be responsible. My conversation included them allowing for contingencies and further possible farm in opportunities.

My view this is quite a capital efficient model (unlike STX model that is very capital intensive). I bought more shares here last week on the belief when Waylering is up and running and more news from Mongolia, we should get some capital appreciation. My view it is just a matter of allowing some time.

See how we go