Yes they will raise a approx C$10m sometime in the next few months. The main purpose of this is to create a retail market on the TSX as the large C$50m raising went to instos that aren't going to but in sell in the fashion that retail investors will. The raising will be done at or above the same terms of the C$50 raising.
By my calculations the South Kal operations are generating about A$2.4 m cashflow a month (6,000oz x $400). They will spend around $10m on exploration and resource drilling in 2008, $10m on Frog's capex in 2008 to establish full steady-state production, and no doubt a few million on this and that.
Hope this helps
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