Ann: Trading Halt, page-16

The current share price/market cap is a disgrace so I guess the board was forced to make some changes. Mark knows the ground and the projects as well as any so should be good in to the MD role. Lyndal is a great Geo with plenty of experience around Kal and knows the TNR projects as well so this is a positive. I had a long talk to her when I did a site visit with some other investors a couple of years ago and walked away very impressed with her.

i wouldn't read too much into the cap raise wording of "substantial". This would mean they are going to Max the 15% placement capacity in my opinion rather than big dollars at this point. A good decision as they are waiting on the resource calcs which could be the catalyst to a higher price to then raise with less dilution (which I know the current board is very conscious of).