danebellSee the attached disclosure form (page...

danebell

See the attached disclosure form (page 4)

http://www.asx.com.au/asxpdf/20140402/pdf/42nrnzrm9xyf2j.pdf

They have 102.5m CDIs (listed on the ASX) which form part of the 316m shares on issue, the rest of the shares are traded on the TSX. So the level of dilution is going to be a lot less than what you suggest.

But I thought the money raised from the streaming agreement with Franco Nevada was supposed to sort out their finance needs - apparently not the case. Lots of hungry mouths to be fed at all levels I suppose.

This capital raising really needs a good explanation as to what has gone wrong, but we are unlikely to get this from them. They just beat us down with waffle.

loki