Can't see how anyone would take up the offer at 0.005 except for the board members. They also offer no solid plan forward with new exploration beside a vague reference to looking outside QLD until then find something suitable (with their limited funds) Well at least the board will still be paid in 2016.....
The market has given its view with a drop to 0.004
Ann: Placement and Entitlement Offer to Raise $0.533M, page-2
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