Ann: Capital raising under Share Purchase Plan , page-7

re: Ann: Capital raising under Share Purchase... Based on the teams past honesty (Wells they have abandoned and advised shareholders up front) I have no doubt about M-1 paying off. If it was a dead duck, I'm sure they wouldn't be wasting more money and we would know by now...
We have to keep in mind this hole is over 40 years old, so corrosion etc was always a possible issue. They tried to take the easy road and it didnt work. If it did work they would be superstars!
I'm sure the capital raising fell through as they were asking someone to part with $2.0M plus, as it's still a risk until the production qty is known. A SPP helps spread the love. My only issue is the SPP price of $0.03. I would have liked to see commited holders like us get a better discount, however this doesnt help the overall Co value.
Anyway, my 2 bobs worth, I'm sticking with them, come to far to drop off the planet now!

DYOR as usual....