Ann: Despatch of Entitlements Issue Prospectus , page-5

re: Ann: Despatch of Entitlements Issue Prosp... Doyle - I'd be surprised if Hot Capital has any inside info on a project. The prospectus states that no specific project has been identified and proceeds of this capital raising will go to working capital and on-going project evaluation. For mine it just allows the company to survive for another year and gets the directors and their associated consultancy companies another years worth of fees. But it also gives us shareholders a chance to average down and gives us the chance to possibly get out if they can annouce and pump some sort of project before the coffers run dry again. I've taken up my entitlement, just to average down, but will be looking to get out on any strength in the price. Since the rights, yes the SP has held up, but it looks, to my untrained eye, that someones supporting it to make the offer seem attractive until offer closes. Real test will be once the new shares are listed. I hope a new project is annouced, but given the history of the company, I'll be selling the rumour.