Ann: Placement of up to 5,180,000 shares , page-4

i think clever, raw mgmt tend not to dilute, obviously they are taking advantage of SP strength based on kea's drill program,

success from kea will make all rawson shareholders happy and cash will not be a problem, no escrow problems with disposing of shares in kea if the company is t/o.

disappointing results at kea late june, and there is money in the kitty to continue oz based exploration, most are farmed out with free carry, so this cash will go further the most listed explorers

remember mgmt have decent % stakes in this company