thoughts on cap raising, page-8

The main problem as I see it is that developing a mine during the northern wet season is not a good idea! I think management were lulled into a sense of complacency by the fact that recent wet seasons have been benign in the area and they thought that this would continue. This year has been very wet and from a look at the weather chart another cyclone may be heading their way. Unable to mine as the pits are probably full of water, unable to truck due to ?problems with the road, unable to get the ore out to the waiting ships due to the weather, and no income coming in. Sounds like a recipe for disaster! Hopefully the company will inform us of the situation on the ground and I for one will be weighing up whether I will put more hard earned cash into this venture.

I sold the previous offering for a 10% profit so am not hurting at the moment.