west article

Just read the West Article. It seems to be stating everything as a fact.

*Patersons are doing the raising of between $75M to $100M

*Discount will be 10%-20% (ie $2.43 to $2.16)

*Bookbuild of existing and new shareholders (I didn't get a call.. Gringo did you?)

*Shareholder approval will be needed

*Funds will be used to finance the feasability study

I can only conclude that if they are doing all this (as stated) that Abalone results and rail agreements are a long, long way off.