tanzania to be the gas hub of east africa, page-13

Sorry - in addendum to previous post, I actually did some research on the previous announcements. The last offer received $2.5m in applications of a possible $6m. That leaves $3.5m which the directors can place at their discretion (at 4c).

So hopefully this can be placed if WA is successful, or on the premise of success in Tanzania.

So appart from an additional dillution, the company does have a way of getting sufficient funds to fund the Tanzania Drill. Personally I am happy to suffer further dillution (say $3.5m at 4c = 87.5m shares), in order to hold Tanzania. Any success there, that can be comercialised NEXT YEAR (can say that now), and should see us rerated significantly (one would hope).