Looks they changed their minds againon the terms of the private placement. Hmmm..maybe I should have participated after all. Sweet deal for the broker..10% of the units sold as compensation. I think that in this market environment and them being so early stage explorers, they had a more difficult time raising the cash than they thought they would. No matter, in the long run, this is awesome news. With $1,500,000 in the kitty, they will have more than enough to drill the heck out of this puppy. And with a total of approx. 51,000,000 shares outstanding, we still have a very small float to move this thing on any good news. Overall a great news release. To the management critics, you must remember that AUU is a VERY early stage play, that we are all in on the ground floor, that the financial manouvering at this stage will not be set in stone,that we now have the cash and finally that phase 3 drilling will be well funded and that the targets will be focusing very near the initial discovery holes. This drilling will begin very soon and the results are all but guaranteed to be spectacular given the proximity to the discovery holes and the historical results that we have received. This is not a short term play, rather it is a huge discovery in the making. In a few months the PP offering price will be forgotten and the drill results will speak volumes allowing any future financing to take place at much higher prices. Chill people, Mines are not discovered and built in a day. I repeat, this is great news. Regards hulio.