I'm also happy we have a new board especially with Jonu leading the management with his focus and substantial skin in the game. As said before I would have much preferred the company had a few runs on the board before announcing a rights issue. It will be very interesting to see the price of the new shares and the number available to existing shareholders. If the market SP is down to 0.2c in January then the price of the new shares may well be lower and boosted with options to make them attractive. As you have just recently started purchasing NTL Felonius this will not affect you too much, if so far you have only purchased a modest number, but for substantial long term holders yet another raising before any gold is produced tests the enthusiasm. I'm comforted that Jonu with his personal substantial holding would be well aware of this and one assumes the board has consulted with Hamish Brown by far the largest shareholder before going ahead. However I don't believe the other 3 board members have substantial holdings and I wonder whether the board was initially unanimous to proceed now.