Ann: $6m Share Placement to Accelerate Southern Nights Drilling, page-46

Hi PF

I wouldn’t be inclined to make bold assumptions mate as you’ll probably find once you know more that the fund raising was on the cards for a while, and it was meant for several prior planned and appropriate and administrative technical and explorative applications.

In fairness some of the groups that were interested may have been allowed or restricted call it governed to invest to a certain price, depending upon their rules and obligations to boards, management trustees etc.

The great news is now there’s ongoing funds for metallurgical test work, final studies on MB T1 and plenty of aggressive drilling which takes plenty of capital with several rigs... and besides guys like us won’t always have large spare chunks of cash at short notice.. that said I can quite understand where you are coming from as we’d all love me to buy cheaper if feasible.

I’m wrapped to see such great results and huge potential now over such a great shallow strike!.

Best to you mate, enjoy the ride and I’d hold as long as you can, as this may readily and soon become clarified as a real major league deposit..
Sarg