Ann: Trading Halt, page-9

Well, I suppose it's better to announce poor drilling results and let the SP fall prior to announcing a CR.

Question is, how will they price the new issue? 

There was some buying depth at 2c so maybe they can price it there.

There is a 25% maximum discount on shares listed through 7.1A from the 15 day VWAP which I think would be around 2.7c. they may not use 7.1A though.

Once again just shoddy management.

1) Trading halt and CR THE DAY AFTER AN AGM

2) Clearly the stockpile monitisation is slower than expected

3) CR shafts all holders as it's held at the lowest SP for 18 months.

4) It was obvious MONTHS ago the company would need to raise, they knew the drilling was slow so why wait until the SP fell from lack of drilling results to raise?

Wish I could sell but you can't offload shares for love nor money.

Sentiment changed to sell. This CR will be a shocker judging by the incompetence in this management team.