run out of buyers, page-3

Guys,

have a good look at the quarterly. There is some interesting info in there.
Talking about pit design for Jampang and they also mentioned metallurgical results which weren't bad at all.
Also mentions a new area at W'giri that they will start looking at.
Bit of activity around the Aus tenements as well
AUK are definately keeping a few exploration aces up their sleeves for the next raising (drilling west of hole 10 for example)

IMHO two trains of thought regarding raisings
- Sophisto placement again. Done pre-news at a SP low to allow them to take an easy profit, guarantees AUK cash but tends to shaft existing (retail) holders due to dilution.
- SP open to all, but expecting news before that to ramp up the price. Bit of a risk as they may not get people taking up the offer if it doesnt ok longer term.