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10/11/05
17:31
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No sorry I haven't visited the ADU site, but have read all the published data.
In regards to your comments I mentioned that the project needs higher gold grades I didn't say that it wasn't a prospective mine.
Further to your comments there have been capital raisings in the past well above the current share price. I refer to:
ASX announcement dated Nov 28th 2003 - 3.65 million shares at $1.10 (I wonder if these people still hold).
and the ASX announcement dated Sept 17th 2004 - 8.9 million shares at $0.78.
I suppose the people who participated in the earlier capital raisings and believed in it wouldn't be wearing a happy smile.
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