Ann: ALICE QUEEN COMPLETES CAPITAL RAISING, page-4

This is probably why.

"The message that has been clearly delivered to us over the past few weeks is that the deeper drilling we had previously foreshadowed for Horn Island is better suited to companies much larger in scale than Alice Queen. It is, thus, very exciting that we embark on a revised version of our plan that will see our shareholders retain the value of all of the work we have done so far, including our 492koz Au Inferred Resource at Horn Island, but also achieve a significant exposure to the major upside of drilling the deeper ‘cupola phase’ targets described in our recent Horn Island technical webinar. We are currently in discussion with several interested parties on this concept and we hope to be able to update our shareholders and the market shortly on developments in this area”."

Who knows where we are going to end up, probably down the gurgler!