Hi All,In answer to your thoughts Gupper, Below"I just wish...

Hi All,

In answer to your thoughts Gupper, Below

"I just wish management had gone hard earlier (4 months back) and raised all that was needed to carry them into production. They must have had an idea of what would be required last time when they passed the hat around. Why circumcise shareholders TWICE? Anyone could see that's gonna hurt!"

We all agree with you, although I remember speaking with the CEO Bill Oliver immediately after the last capital raising to renew the plant. In retrospect this now makes sense to me............. I rang to clarify the difference between the old and new tailings dam, as they didn't appear on the map then. I thought the old tailings dam was going to be reused for the plant now and therefore they would have to move and store stockpiles before rehabilitation and using this tailings dam.

Anyway as usual I had it all wrong in that there were two tailings dams that had been used for tailings one from the historical plant and one from the existing plant. Anyway that was my digression............and my focus of the phonecall

The point of this long winded post, was I said in passing well done on getting the money together to rehab the plant and get us into production and aserted my long term belief in the model for the company of back into production with a cheap refit and stop the cash burn etc.

I remember him saying something like AND DON'T QUOTE ME

Its a shame that the brokers don't get it so easily.

At the time I was a bit taken aback, in that it seemed like the company was having great difficulty in sourcing funding and that he had had to go around the traps before they found a broker to take it on.

A bit stunned at the time

They may well have wanted to get more money to see them through to the first pour but at the time there was still a Lihir, PRU were starting to buck and not much in the way of Wayne Swans holiday reading (Mining super profits tax) etc.

Maybe now they have shown what they can do and how close they are to production the money is available, Pattersons seem to be giving them a fairly good deal.

I also participated in one of Mr Woods other companies, AVB, capital raising at around the same time, selling SBL to buy into that......... it seemed to have gone ok lately. Sold a bit of it to pay for my entitlement with the 1:8 today.

I think SBL will go well in the future, but if you don't sell.

Or go away and come back when they have gone through the pain, or accumulate......... all those guys sitting on 2.1 cents know they can pick up the slack (22 buyers for 8,301,313) oh and on 2c and 1.9 etc.

They are waiting for your shares as they see the long term benefit, I guess, by long term I mean a few months!

Anyway over to you all