I think the frustrating thing is now with significant dilution any run on good or exceptional results is still going to be a lot smaller then previously. With a good scoping study and early drill results this would have run to 5c+ IMO now it'll be lucky to head to the low 4c range even on exceptional results.
Seems weird especially given the performance shares being proposed in the AGM unless they are extremely confident this money will give them enough to start production ASAP and they start turning gold into cash.
rmx on 11th feb 2014, page-134
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