The worst kept secret and over two months in the making! All I can put it down to is that they believe that the current shareholders would not have been able to support the capex and thus they needed to go on the road to do more presentations to muster more interest from other investors.
The worry here is that the scoping study is supposed to be released in the next few weeks. Why hasn't the company waited for its release, especially considering that they waited so long to pull the trigger? Could it be because it may be either, underwhelming or it's going to be late!
Hopefully no more than 10M shares at 25c / 26c will get us through to October.
Ann: Trading Halt, page-5
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