CaldazarMy understanding was that the last cap rising funded by...

Caldazar

My understanding was that the last cap rising funded by Citi Group was a SPP, raied at a premium to the price at the time. So Citigroup became shareholders (or if you like the Chinese Govt became shareholders)with the first right of refusal for the inevitable next stage of Cap raising. There's nothing that I read to suggest that they won't be the first called for this Cap raising.

I don' think we will get to participate in this one, unless it's a real big one.

The smallish placement of 2m last time was to get the drilling underway at Stanley River, whilst waiting for the results of Mt Lindsay.

Management are hoping to use the direct shiipping ore at Stanley River to assist with cash flow whilst Mt Lindsay is developed. All good in my book.

I don't think they will want to bother with another small SPP, hence my earlier post.