Ann: MOD Raises $18 Million to Turbo Charge Growth, page-29

If they REALLY needed to "use it or lose it" which has been suggested, which I doubt given the delays in using are ALL down to the Bots Gov changing the mining code and delaying all drilling by 6 months plus while approvals are granted; MOD could have just raised with currnt SHs for $5 -6 million - and waited for results to boost the SP before taking on insto support.

This makes NO SENSE as the approvals are either just arrived or imminent - the drilling is underway now on T1 and soon to be elsewhere - all fully funded prior to this, AND with another $5 -6 from us easily expanded.

Something we are not being told here. But I suspect as someone posted earlier some muppet at Blue Ocean has gotten into their ears about further possible market uncertainty this year and our Chief Share Issuer has just been played like a bloody ukulele from whoever wanted in.

At the risk of sounding like a Swansea FC fan; CLEMENTS OUT !