Ann: Capital Raising Presentation December 2018, page-199

I do take on board everyone's view during the last week or so even though I've been critical of the attendant emotion of some. After some reflection I'd like to have some hope all will be okay. After all we have a very good resource, getting better as time goes on, but the lag to production, though not really unusual, concerns me a bit. And even though it does appear the transfer of percentage ownership to banks (et al) looks suspicious, even they will need to realise a profit; meaning they believe the shares price will rise at some point( or will make it happen).

I'd also like to take the view that getting all the money now insulates WAF from future funding difficulties should the world get even crazier (a distinct possibility) and let them get to production early should the need or opportunity arise.

Mr Hyde should have given the market more explicit direction, in my opinion, regarding the possible compression of time frames (to production) and the specific reasoning for this type of funding structure from these specific people. It may be there somewhere but I could not find it. Given that we were lead to believe we were courted, was this really the best deal that was on offer?

WAF seems to me like the human brain; a simple organ behaving in a complicated way. Maybe it's now time to stop the nonsense and start getting the gold out of the ground.

Surely we would all benefit from this?

Shopboy