dilution, page-23

I have spoken to a couple of people about that a few months back. By the looks of the last couple of raisings though it seems some holders wouldn't like to dilute more to buy something like that. Can't win with some holders. Need money to make money. Rodney did very well with the extremely limited funds used over the past few years.

What do people expect? To find a million ounces in one hit with $1-$2m or so a year.

Watch this space regarding Mertondale 5 I reckon. It's approx 1km south of GTS.

Cheers for bringing Nav up Panda.


Scorp