Ann: Rights Issue Underwritten at Premium & Asset, page-9

re: Ann: Rights Issue Underwritten at Premium... Hi Tokyo

I was thinking the same thing and wonder why the high premium placement. My questions to the company in the past have been answered by the quality of the assets and the relative discounts to their potential worth, at some point when 100% returns back from Barrick this is going to fly 3c is a bargain on that prospect alone. They are also very encouraged by Mak Mak that seems a high quality prospect.

on the surface it seems that funding is being set up to carry the assets to production remembering costs are alot better there than here

IMO DYOR