why pay $4 now and risk $25m?, page-8

perhaps i should have added the fol extract from yeaterday's announcement to my earlier post:
QUOTE
This share issue is a small part of the bigger strategy to secure the necessary capital for the development of the Rocklands Group Copper Project and associated infrastructure, by introducing a cornerstone investor. Negotiations are continuing with the Hong Kong based resources company on the elements of the Framework Agreement, but the investor has agreed in good faith to immediately and unconditionally subscribe for 6.25 million shares UNQUOTE