I tend to agree that it will probably be results and not a capital raising. They do have a lot in the bank but spent quite a bit in the last quarter. Still should be enough money in the bank for the next year. They need more money to develope into a mine and we are almost at the business end of the project. They may want to capital raise before the AGM so they can get the shareholders to vote on it. I think it is best to get some results and the share price up before capital raising so the dilution is kept to a minimum.
The trading halt smells like GF results...I hope.
CQT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held