Hi Max,
Your pretty close but a bit optimistic in the timing of the drilling. There are, of course, plenty of issues to get in the way of a timing est here and I was going to do a guessimated schedule but acknowledged I will need to speak to David first to get better logistic info. Will do so tomorrow.
Bottom line is that I can't see any possible result until LATE July so a short form SPP is easily within the time window and definitely doable.
So DW should go for it...
But I know its not that easy. His UK holders could miss out due to AIM regs/processes: that's the one of the negatives of having a dual listed coy.
Don't get me wrong; I love our UK brethren. They are fantastically supportive. But a quick, simple SPP to the 1600 (??) or so Aussies could bring in a few extra $m's and placate the M & D's that have now become fiscally upset after such share price erosion.
There is absolutely no 'loose' in doing a quickie SPP.
Cheers.
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