I respect your views and that of all others. However , IMO,let us not jump too quickly to a conclusion that this is a good deal for us as we have little information from Frank as to why he did this and what he will do with the money. Let us at least wait for a response from him,which he should provide . This is a material event which he is responsible to explain.

Raising $18 million at .14-.15 would dilute us by 18-20 %.,which I agree is significant.

To consider how good this deal is we would need to calculate what Kwg's revenue stream could be from the NSR over the life of the mine and then do a net present value of the stream over its life. If the NPV is less then the $18 million,then this is probably a good deal for us. If it is far greater then $18 million,then the goodness of the deal could be in question. I am sure that KWG would have done an economic analysis of the NSR and we deserve an explanation from the company.

I think it is a foregone conclusion that the chromite will be mined . If the NSR is a good deal for Anglo ,then why is it not a good deal for KWG .

I would have expected some upward movement in the sp yesterday and today. but no such happening.

I agree that there must be far more to this decision then any of us can speculate on and hopefully Frank will should us that this was the right decision at the right time.

Time will tell.