Actually it is "horses for courses" rather than a broad-brush approach based on principles.
As I have said before, they did not have enough money to see out the current Qtr - left it too late - so some raising was essential. Sailing very "close to the wind" and all that stuff. So that is ok.
The question is how much they will need to get started with development in OUR circumstances. I suspect it will not be similar to most juniors going from digging to development. A lot of things can be done much cheaper by us IMO.
We need to get started to the point the cash starts to roll in. Depending on the circs, a loan may be ok or a combination? We need to know the details though.
Ann: Trading Halt, page-112
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