weekly then daily chart, page-89

I couldn't agree more Petey,

Too many people worry about capital structures, number of shares on issue, share prices in the cents not dollars or even vice versa!, etc.
Take another stock that went through consolidation recently.
Some complained that they did not want to see a consolidation because the higher sp measured at around $1 would limit potential upside compared to if it was cents.
Other times people complain about stocks measured in cents that have too many shares on issue.
The stock had its consolidation. It rallied 50% from a $1 low post consolidation to just under $1.50 on brightening news. Then it more than halved to 60c on bad news amongst a very weak gold sector before rebounding. The consolidation did not prevent it rallying 50%, nor declining more than 50%. It was all about the news flow and markets.

The only thing I ever worry about is the assets, the balance sheet, management, risks, likely funding requirements, and most importantly, my idea on what that is all worth relative to the current fully diluted market cap.
Once I know the market cap relative to valuation, I don't care if its a $400 per share stock or a 0.1c per share stock.

I also agree as I mentioned earlier;
We still have $23mill cash, no debt with $5.7mill spend projected for the quarter. Once exploration winds down near the end of the year for the wet season, cash burn will drop sharply while we wait for assays to flow through, resource upgrades, FS and permitting.
We certainly have no need for any placement at these prices and won't need to do anything re funding until we are ready to build.
Management may decide to do one if the sp is up very strongly, to take advantage of strength (better off buying now cheaper) or they may preferably use a combination of bank funding and remaining cash to fund OP with no cr.
Bank funding on a $27mill capex project with a $257mill cash flow over the first two years in Australia is not going to be an issue. The banks will line up for that sort of project as will investors.
I saw no reason to expect to be able to buy on a placement so I bought on market. Any insto's that want in any time before a decision to mine will also probably have to buy on market (or buy from another large holder).
We could easily see no placement or if there is one it will be small and probably at a much higher sp.
The only time we might need a larger placement is on a very positive FS for a large scale, long life project at Buccaneer. Even that may not need a cr if we have $200-250 mill cash courtesy of OP.