Point about risk is well taken. And agree, asking Howard was inappropriate -- should have just been a general observation.
Having said that, management credibility is always important. Shareholders need to expect that of their CEO. As Mr. Bendall has previously said on more than one occasion that he would personally take on all unsubscribed shares, it is not unreasonable to be concerned that the commitment was not repeated at this critical juncture.
Today's PR specifically notes the requirement for adequate financing to commence drilling -- it is worth talking about its source and price.