goeprof: I (also with all due respect) after absorbing your views, would like to pose two questions, namely --

While the flow through funds are tied to drilling, etc, could they not free up other non-tied funds for salary increases, bonusess and other purposes most shareholders would consider "frills"?

And secondly: Granted, you have explained how in your view this fund raising has an overall beneficial effect to the benefit of shareholders, does the misleading of shareholders in this regard at the AGM not tend to weaken shareholder stability, thus offsetting to a greater or lesser extent the beneficial results you see?

I sincerely would like the answers to these questions. I would prefer to face reality rather than be in either the "all is good" or the "all is bad" camp.

Best wishes, O.F.