third drill must be close, page-8

Good post Gary I have no doubt they will sign on the 15th, but as you said the cash component will be a month or 2 down the track. It's good business for the CEO management to sign get all the info out, the third drill type of coal and raise at the higher price causing least dilution for all holders.
To often on the ASX, juniors have had mates raises at a lot lower than they could have, this whole operation has a professional air about it. Factual releases no nonsense, while it doesn't guarantee anything, what it does do is put CEO amongst a rare group in and around the penny level.
With experience in the resource they are going after, business contacts in the industry and the actual know how, to get the resource out of the ground and the framework required to on sell and knowledge of the costs involved.
There are plenty out there Red beard posted earlier which are worth a look but how many will get it out of the ground, you just can't buy the skill set at CEO level to manage it know the right people to hire to get it done.