Ann: Tanga Completes Successful Placement, page-13

No denying that the Tanzanian assets have tier one potential, but there is a lot of work to move from where they are now to realising that potential. From here my view is that a JV with a partner with deep pockets would be the best thing for the company - no more dilution, lots of results, someone else paying the bills.

The wild card then is Namibia where spectacular results could be in the next drill hole, and having some knowledge of the Namibian geology that is a very real possibility. At least with this funding they have the cash to do a bit more drilling.