What does this shelf offering mean? In three words: Free Trading Paper!

This is a very good thing. Why? Essentially this is a symbolic gesture by the management at Kimber saying that they are through with the Canadian Banks as sources of financing. Management is sending out the message, loud and clear, that they feel confident that they will be able to go to bigger markets like the United States as well as private and institutional investors to get all the financing they need from now on. Big institutions like to see something like this happen. The stock that is issued as a result of such a shelf offering is "free trading paper." It is not restricted. Big buyers can take part in an offering without constraints involving the stock, i.e. no time limits on how long they have to hold it before selling. As an example: participants in the last private offering had to agree to hold the stock for a period of three months before selling. Shelf offerings like this one are not usually done by juniors. Off the top of my head, I cannot think of another junior that has been involved with one. They are primarily the method of producers, big boys like Newmont or Yamana. This is highly significant that Kimber is taking this tack. It is clearly a demonstration of strength, and bodes propitiously in light of the upcoming drill results. Bull