Ann: A1 Gold Mine Updated Mineral Resource Estimate, page-16

IMHO

I don't like the reference to CONSPIRACY THEORIES as that implies that the theory is hardly plausible as it is so absurd whereas it this case
it is quite the opposite

1. Company did a deceptive capital raising and private placement last year and existing shareholders hardly participated.

2. This year as a result of mismanagement which many believe was deliberate, the company was plunged into suspension with a share price @.9 cents and suddenly a 5 for 2 rights issue @ .4 cents.
Shareholders to fully participate with a 5 for 2 need to stump up $10,000 for every 1 million shares currently held. Holding 1 million to fully participate and purchase your maximum requires 2.5million @.4 cents.

3. There is no way that existing shareholders with fully participate and the company must KNOW THAT.

4. The company will not raise $10 million and probably a fraction of that BUT the share price will drop to .4 cents

The only conclusion that many of us can come to is that the company is aware that they will not raise anywhere near $10m and is aware that the share price could easily drop to .4 cents.

So in summary the company must be aware that this CR will cause a massive drop in the market capitalisation of the company

WHY????????