I wouldn't be getting too excited about this one. The Cairns...

I wouldn't be getting too excited about this one. The Cairns project is a long way off and there is no indication that it would be funded through this vehicle.

The new management are paying themselves too much money and keep in mind that the casino has NOT made a profit in the last few years.

The extra money recently raised (as per the prospectus) will be issued as 'working capital' which IMO means paying the salaries of the management.
This stock will continue to be diluted as more capital is required. Be careful....

This is my opinion only - do your own research!