capital raising - sinking ship, page-7

First thought, what are we going to do with 21 Million? Didn't sound like much.

Now digested, it could be the key to open the door to development. 21 Mill is approx 10% of the Capex to get the mine developed. Can we now go door knocking to the banks with a backer in place to get the final finance required.

Quote from the announcement "The Directors believe the capital to be provided pursuant to these transactions will assist the company to implement its business plan in a timely manner."

We've waited long enough, so best get on with it, keeping the shareholders fully informed. What have they got left to do and in what time frames?

Overall a positive announcement.