Hi FolksI understand Acturtle that JBWere thought it would be...

Hi Folks

I understand Acturtle that JBWere thought it would be late August. Suggest you check that one if needing validation. I recall Jojo (apologies in advance Jojo if this is incorrect) saying it may be late September.

If its right or misguided so be it. We might try a dartboard to get a more accurate start up date ;)

The capital/equity raising may indeed create a buying opportunity...whether it is above or below current levels is yet to be determined.

The capital raising in 2004 at 15 cents had it flat for sometime. Guess this time though they will be a 'producer making money' ..not an 'exporer hoping to'...
Lets not forget that the money was to be used for the 1st stage...the small operation....
This capital raising will be conducted under completely different conditions.
'Potential' will be translated to 'capability' and that will be translated to $$$$

Bit of a difference I would have thought.

The majority of funds will be debt. Another difference.

The resource is now larger. Another difference.

The company is now in the ASX 300. Another difference.

Add to that the aggressive exploration schedule.....

Guess many here see it differently.

As always, time will tell.