7.5m share through today. Obviously some were waiting for...

7.5m share through today. Obviously some were waiting for announcement to get out given the deal is conditional and has a number of moving parts. For some, too complicated and given the overall market sentiment being poor, then hitting the exit button. There were about 3.7m sold in a period of 15 minutes, so probably one or two holders. 

I doubt the cap raising to Cronimet and insto's will be done below 2c. Russell and Stephen know the overall value of this project and the fact they have been able to hold out for so long and still deliver a quality partner in Cronimet suggests the price will be done at more reasonable prices. Even if it's done at 2c we all know over the next few years that this still has many bags in it.

We finally got the quarry price of $8m, so Russell has been able to negotiate a good price. Especially when Geoff wanted $16m a few years ago, so the criticism of Russell and the board by some who were saying they were doing nothing and just in for the fee have been way of the mark and continue to be.

We will be the first tungsten producer in Australia and probably the longest. 

Merry Christmas!!