They are raising money to fund the drilling program I thought. They have some solid targets picked out based on DDIP surveys carried out this year. One target looks particularly good. If they get a hit during the drilling then it will go to $1 no worries.
Bit to risky at these prices but if I was rich then I'd snap em up for sure.
I wonder if that Forrest in the top 20 shareholders is Twiggy?