I suspect that the company had an expectation with New Holland that has not come to fruition, forcing it to raise money in order to maintain its progress with the mine and exploration.
I still hope that the NH loan will be made by say March, but I'm guessing that all is still ok there.
Damo's post about a top 20 being involved could be right. I hope it is in fact. 20m x 20c = $4m! ????
But what about the drilling results? Still nothing. Maybe after the TH lapses would be a good time to announce something positive. The CR would be out of the way by then.
Ann: Trading Halt , page-3
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