trading halt - cap raising, page-10

I refer to my post on 22nd..

"I assume the larger shareholders (those that actually decide these votes) were fully aware of the finance set up, but have now changed their minds. One would assume the reason to be .. they don't want more dilution to a 3rd party & would prefer funds to come from a SPP or similar - they have to replace these funds from somewhere."

Nothing has changed, they are just getting the $$ from a different source - probably their mates. What you have to ask is, why do these so called sophisticated investors keep coming back for more?

I fully agree with some of the anti posters, it's a shady company, but the sp is only 2.5c with a low market cap. Given that the reserves & resource are quite impressive even after the downgrade when gas was $2.50 mcf, I still consider it a good spec punt. Most stocks discussed on HC are specs, if you want security put your money in the bank - the GFC proved even so called safe blue chips can go down the gurgler.