G'day Kiwiboy. I cannot see any way of avoiding further...

G'day Kiwiboy.

I cannot see any way of avoiding further dilution. If you need money it depends upon your strength as a company as to how good the terms will be from any finance source.

Unless there are points, that we as shareholders are not aware of, then we will be on shaky ground, in my opinion, when it comes to doing a deal.

Maybe someone has decided, after doing some investigation of the results and the ground, that they want in and that they are willing to pay well to get a holding.

What I hope for, if that is the case, that there is more than one party, otherwise I do not expect a very good deal.

Either way, it will mean selling a part of the equity at a time when we are not in a very strong position, well not that the shareholders know about anyway.

A good JV where some company comes up with a substantial up front payment and pays for further drilling is what I would like.

All will be revealed I suppose.

If a good and favourable deal is struck then that may be the right time for a consolidation.

Lockitt