Gday HoshWere does it say that the money raised will be going...

Gday Hosh

Were does it say that the money raised will be going into performance bonuses? The only mention of bonuses is to Podar and that comes to about $500 000 for the 2 mines and can be paid as cash or shares.

The directors bonuses kick in when they start delivery and are in the form of options which they will have to exercise, correct me if I am wrong???

Sugarcube - its a bit unfair to say that they have nothing to show for their cap raisings to date. They have 2 tenaments with potentially 20 million tonnes of ore, possibly more possibly less. Conservatively if they have 15 million tonnes that equates to potential cashflow of $1.5 BILLION.

$18 million for 2 tenaments that will bring in $1.5 billion and a market cap of around $50 million doesn't sound too bad.