Ann: Maiden Reserve at Bulletin to drive step-change, page-11

The $17m start up cost for Bulletin is beyond their reach without a Cap raise - at least as I see it.
The share price has fluctuated between $0.2 and $.15 for a couple of months - it seems to me that getting the Cap raise out of the way may allow shareholders to have a more optimistic outlook going forwards.

There still seems to be significant head winds for the year ahead, and a significant cap raise will alleviate these somewhat.