Ann: Trading Halt, page-15

I am afraid I have to agree with RAF. If we look at the situation logically, there are only two scenarios which could push management to a Cap raise, or at least there have only been two advanced here:
1. The current drilling has revealed a bonanza which will require an immediate injection of capital to realise the potential quickly to the advantage of shareholders.
2. The Company is continuing with past practices and stated management style of "raising capital when it is possible and not waiting to be forced into a Cap raise."

Number one would indicate lunacy. If the current drilling had encountered something exciting, why not release the results and raise on the inevitable price rise, to a much greater advantage to shareholders?

Number two is what we should expect!