re: Ann: Lamboo Project Advances Closer Towar... It is...

re: Ann: Lamboo Project Advances Closer Towar... It is impossible to take a substantial position without pushing up the price significantly.

A decent right issues in conjunction with the debt financing I believe would be favourable, just to put a bit of liquidity into the stock and so that current holders can top up without paying an unavoidable premium.

A hidden gem of a rights issue would be the ability to note director take ups of their entitlement. If the directors were to throw their own money into the pot, it would give me further confidence to believe that they can significantly grow the current resource.

In saying that, I am overly pleased with the current SP action. Still trading at an EV of $6m which is ridiculous compared to other juniors who have only returned decent assays and have no resource/no possibility of near term production.

Financing is definately holding this baby back. I still think even raising $6m at $0.10 and debt of $14m will give it legs. After all, getting a gold junior into production with only 130m shares on issue would be an excellent achievement!