My personal view is they won't raise funds at this price level. Why did I come to that view?
a) The Management team has a large stake in this stock and they will not want to be diluted.
b) They still have enough cash to get through Targets 5 and 6 at McIntosh and even possibly a first drill programme in Korea. Given there drilling to date and Auger drill results there should be a good confidence level that this will be a positive influence on the stock.
This is my own personal view and not a recommendation or based on any hard facts. Do your own research.
top 20 shareholders, page-5
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