thirty million smackaroonees, page-14

I don't think it is going to be a TAM. The plant is working etc.

But the fact that they haven't been able to fully fund bronzewing means that it hasn't been on budget as previously said. And Grahod that is the real problem I think. People, and certainly I didn't, expect bronzewing itself to require further funding.

Now, if they want to acquire other things like they say, they will have to raise further capital. I would have preferred a larger raising now, and a bigger deal (certainly worthy of the time spent off the market) so that future capital raisings were not a certainty.

Alarm bells start ringing when there are consistent, small capital raisings. As investors and instos think they are being slowly bled.