Ann: High-Grade Gold Mulgabbie Paleochannel & Exploration Update, page-59

And I think this is also why, despite the great progress in the last few months, we’re still stuck at 10c or thereabouts. The market knows there’s a CR coming due to the recent drilling and expenditure.

Someone like AP who is a geo at heart and by trade would say, nope I’m confident we’ll hit the goods and raise at 20c plus, but if it doesn’t go to plan we could be raising at 6-7c.

Someone more financially inclined may say, let’s raise at 13c-15c incase the results aren’t what the market expects. That way, we still have cash to keep drilling away without having to scrape the barrel.

Interesting times as it could go either way.