Announcement as follows: In response to recent media...

Announcement as follows:

In response to recent media speculation, Minara Resources Ltd clarifies that it has no plans at this stage to raise equity. The company is currently debt free. Minara Resources Ltd is investigating standby banking facilities in response to the current prevailing market conditions.

The above is not a very encouraging announcement. Infact I don't think that it is favourable at all. The language used is not very positive- for example "it has no plans at this stage to raise equity". They are obviously short or will be short of money very soon. Bugger, there goes all my hopes of a short term northerly bounce in the SP.