Ann: Rights Issue Results, page-10

Great project, but not impressed with the disdain shown to existing shareholders. First the SPP at 22c, then a few weeks later shares to sophisticated investors at 16cps and a measly 1:14 to existing shareholders (if htey had any funds left) with a much lower amount raised and then a scaleback of the over-subscription. Not impressed at all. One day they may need us for more support and some will be so p'ed off that they will have gone elsewhere.

I'd be out if it were not for the impressive project.