Ann: Trading Halt, page-26

Well to me this is a bit disappointing.

Why would you raise capital at the start of a 20,000m drilling campaign unless you don’t think the share price is going to appreciate with good results. Even at a premium, it’s not going to be at 50-70c where we all believe the SP should be after first round of drilling.

Seems to me management aren’t believers.

I just hope it’s not at a discount otherwise this is gonna tank.