Good question Mal. Suppose there are two ways of looking at it....

Good question Mal. Suppose there are two ways of looking at it. Wouldn't surprise me if management didn't take it up. Sharon holds enough shares with out worrying about being diluted and she will always pick up extra shares in her salary package to make up for any dilution and her cost would be substantial, so will be surprised if she took it up to be honest.

That in itself does not mean management isn't confident in the future. We have NMDC committed to at least half the raising and company would have known that retail investors wouldn't touch it, so you would expect they would have something else up their sleeves to raise the additional funds or will they be happy with just the raising from NMDC?

Personally, I don't mind either way. NMDC money with get a lot of drilling done and pay those fat wages.[ LOL] and not dilute us as much. Raising the full amount will add lot more shares to register but if they go to sophisticated investor, who holds them and we start to do what was promised years ago, then I'm fine with that as well.

What we need is some sort of direction disclosed to the market that is followed through with, once the money is in the account and we are notified. It's been far to long, since we had regular updates and positive news, so our time is well and truly overdue for better communication and positive announcements that are delivered on. IMO.