I don’t think Esh is whinging about anything, just one of the...

I don’t think Esh is whinging about anything, just one of the most knowledgeable posters never afraid to talk the truth, even of his own holdings.

Fact is Management has intimated that Fund providers were falling over themselves to provide the necessary cash to build this mine. US$185 was what was needed, including contingencies, though some small increase in Capital was in the works for building a bigger plant.

The money is not all needed right at this moment. Management has chosen to raise EXTRA funds at yearly lows, subsequent to extraordinary drilling success, and post an obvious campaign to keep a lid on the share price (I’ve got photos of the bot trades if you want to see them).

After Tax NPV at DFS was US$405 mil. of which 90% is ours = US$365 mil.

This equates to AU$499 mil.
Fully diluted we had 708mil shares prior to today. Gives us a NPV/share of 70.5c.

We now have 901 shares fully diluted and NPV has increased by AU$48mil. cash. NPV/share is now 60.7c.

So, those 708 mil. shares (fully diluted) held yesterday are now 9.8c less valuable on an NPV per share basis. That’s almost $70million thrown away to the wind AT THE WORST MOMENT POSSIBLE, SUBSEQUENT TO SHARE PRICE MANIPULATION (in our opinion), AT A TIME WE DIDN’T NEED THE MONEY.

If this stock happened to catch alight at some point, the giveaway would be much bigger still.