They are going to need money. Not much can be done about that. That is the way it works.
The company has stated that they should have now concluded the process to select the "prefered partner".
If the "prefered partner" is not in a position to supply the funds (Due Diligence etc.) required for the completion of the current drilling and other things that are happening in the background (enviro, feas studies etc) then they will have to go to the market.
Why would you push the price down, companies can see who is selling, they just look at the register... If an insto is selling, do you think that they would get a slice of the raising? Me thinks not.
I would prefer, if they do raise money that they do it to a loyal insto... just look at the top 20, a few loyal ones there....
Dilution is a part of this game, as you would know!
Managing that dilution is the difference between good and not so good companies!
Off to golf :)
PLV Price at posting:
51.3¢ Sentiment: Buy Disclosure: Held
