thoughts on cap raising, page-9

"a proposed capital raising by way of rights issue"

Got a feeling that we might not be offered anything at all. Might only be offered to Insto's or sof's.
At around 50c, this will be snapped up imo.
As at the momment, i feel it's undervalued, high fe%, sales contract in place and hedged, also the potential of digging more out of the lucratve ground that surrounds.
Rains seemed to have eased off this month, looks like they're staying ofshore at the moment, anyones guess of what might happen.
Definately will pick up more if the sp falls <50.

"http://www.bom.gov.au/climate/dwo/201403/html/IDCJDW8007.201403.shtml"