That is a good point - just states in regards to capital raising....
Lets see how this plays out....I know some are looking into the past from this coy which is fair enough....
Difference is they now have a bargaining chip with the potential economic deposit after last weeks announcement.
Maybe they have been in discussions since late last week with a party and have come up with an agreement....or final stages for the CR.
Money flow was strong this morning so why then an "immediate trading halt" and not let it run further? Maybe company was concerned it was "inside money" so best option is an immediate halt.
A strong signal would be an individual taking up the CR at 2c or above - probably asking for a lot tho.
We will all know soon enough
End game here is at the coy is sitting on the very high potential land so i expect the SP to be supported into the current drilling season in the 4th qtr.
Ann: Trading Halt, page-24
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