Yes that was a good call Rubik. Kudos.I must admit that the...

Yes that was a good call Rubik. Kudos.

I must admit that the directors purchases are a bit of a surprise in hindsight given today's announcement.

If we go for around $7M then that will look after exploration costs for at least the next 12 months in my opinion given that we already have about $3M in the bank.

We're either looking at a SPP to instos or a ~2:5 RI open to shareholders/instos with perhaps a 1:10 $1ex option thrown in for good measure to raise further funds (~$5M) down the track if the share price gets a move on.

Just my thoughts, your guess is as good as mine until we find out the news on Friday.