prospectus, page-11

Call and Put, I don't think dilution is the risk at the moment. The risk is they can't dilute. They were down to $5m cash at June and have a number of short term liabilities, the royalties, the convertibles, the rehabilitation, the unpaid credits etc. Remember on top of all this, many of these liabilities are at holdco that has, at best, very limited access to any operating cash flows. It is pretty clear I think that they need to issue to survive so selling some shares is the best case scenario at the moment.