chart, page-14

Andy with a 1 for 9 rights for options id say you wouldn't expect too many to take it up considering the small amount they would get and the small amount they would need to write a cheque out for. Anyway the fact that the shortfall was swallowed by the time the rights issue was up is a better sign.

With GOR next door having over 1 million ounces of gold and GNI starting to drill for gold at jutsons rocks it could be a super undervalued play here. Throw in mt venn as the cream on the cake and GNI cold turn out to be a big earner for shareholders in 2012.