Ann: SFR: Media Speculation - MOD Resources Limited, page-15

Management have a good stake in this one - over 15% I believe. I don’t think they are cap raising just so they can continue to take a pay cheque. They could take the easy route and liquidate their positions through to SFR but I think they know what’s on T20, they’ve only put 3 drill holes into the area. They’re cap raising to fund a drill program to demonstrate what they have. They want to see this one through to multi bagger.