Ann: Despatch of Share Purchase Plan Offer to Shareholders, page-18

I did think about it, of course there is a finite amount of shares. You're however assuming a LOT of "people in the know" and trading on insider knowledge. If they were that "in the know" how did 0.6c even get into play? Wouldn't everything be snapped up? I would argue the facts say there is more supply than there is appetite from "people in the know".

From this market cap, or even 0.6c if it gets there I think there is upside too, but I can't blame people for waiting until the legal situation is sorted. It is a crazy amount of uncertainty on top of a large % SPP. And they do obviously need the money, they have seismic and all sorts of things to pay for on top of another mill or so to get us to next June.