Ann: Share Purchase Plan , page-5

My understanding is that the capital raising was done to give the company the required breathing space to get the best financing deal for shareholders, they simply did not want to get backed into a corner in accepting anytype of deal just because they were low on cash.
The spp is a very good deal for the smaller shareholders, they can get the same amount as our largest shareholders.The shareprice action is predictable , a selldown by some to pickup shares at a lower price, but this can backfire on them if there is a scaleback.
I am unsure about the total number of shareholders, but you can bet there will not be enough shares to go around if a significant amount take up their entitlment, i can remember the sp action over the next couple of years after the capital raising during the gfc, we went from 7 cents to well into the twenties
I can understand the frustration about not hitting timetables about the BFS, it seemed to take forever, but go ahead and take the time to read the technical report just released, it goes to over 100 pages , you can see why it took some time to compile.
Space, i agree the interview really cuts to the chase and is essential viewing for any CJO investor, Tony Mac has a lot of skin in the game, he will get the job done.