Ann: Non-Renounceable Pro-Rata Rights Issue - Shortfall Notice, page-19

Thanks for the posts guys. My opinion is as follows:

1) alluvial production - nice to get some cash in
2) JORC in South Africa - could sell for a good chunk that would be worth a few cents per share and pay for activities in Indonesia
3) drill some holes in the hard rock that is the source of the alluvials at Derewo and get some good results - rocket to the moon for the share price.

If Derewo can be open pit mine the economics for extraction will be good. If the deposit is nugget type, the assays on the holes could be phenomenal. They have gained access to the site which is the first step, a few more bridges to cross and the majors could get very interested. I don't think they will have much trouble in finding the deposit. It's the locals that I am concerned about.