Ann: Successful Placement Raises $2.5M for Wodger & Key Projects, page-4

These were my revised thoughts posted last Saturday morning, so right on a couple of things - SI placement and 7c but more money has been raised than I would have expected. I thought 15m at 7c, not 36m plus free options.

https://hotcopper.com.au/threads/an...3397170/page-44?post_id=24513495#.WREDg4VOJPY

I think that the placement is excessive. I know that money is needed, but if the BoD is so confident of finding the good stuff then why sacrifice at 7c, 8c and 12c? Who set these terms? Hartleys? Fotios? The BoD? The options giveaway is just like the old days where gifts galore were thrown at placees.

We, the ord shareholders, have to pay the company money for our loyalty options and get 1 option for 10 shares held I think. The SIs pay nothing, and 1st tranche is 1 for 1 and the 2nd is 2 for 1. Generous; just like the old days.

On the positive side: Fotios has come in again (not necessarily good though as may be an agenda there) and decent money to explore for a bit.

The message loud and clear, or so it seems, is that Doolgunna is staying with AUR.

Also, given the involvement of Investmet, MF is not one of the competing interests for the company and its assets.