This cr is small and I think they just need it. It buys more...

This cr is small and I think they just need it. It buys more time and a bit of breathing space. A good deal is certainly not imminent.

Major shareholders and big new players got all the shares they wanted at the .25/.3c mark. The main players like all invested obviously thought this had potential at some stage and for Monsour it will be part of his legacy so there is more than money at stake for him. But it is also clear that there is no real appetite from any major investor at 0.5c or otherwise that would be announced in support of the cr. I think like the last cr's if you want more at 0.5c you will get them but I certainly won't be.

I think post cr sp will drift lower until (if and when) there is a deal announced. With share dilution it means whatever a deal was worth per share beforehand, it is worth at least 1/8 less than what it was before the cr. So sp will probably drop below .5c post cr.