capital raising, page-2

Micky, why would they do a SMALL placement? If trial mining is successful they will be cash flow +. If a placement was to be done surely it would be to build the decline and u/g processing plant.
With current market conditions what is to stop them enhancing the rate of ore up the shaft and continuing mining and toll processing until market conditions have stabilised? 6-12 months?
Or is it you think they don't have the headgrades to do this?

Cheers Mal