Next Capital Raising ??

Probably. Which is why there is a slow and steady decline in the SP. The better question is what action will trigger an uplift in the SP (and I do not mean a higher gold price)?
Woodlark has an attractive DFS and so surely the company can put together a funding package to develop a mine and processing plant there?
Obviously, the key to success is the Board. Milan Jerkovic is Chair of both GPR and BLK. BLK is one of the ASX dogs in the gold arena that is still trying to escape oblivion but since MJ became an Executive Chairman there has been an improvement in the performance of BLK. Also, while MJ was Chair of BLK (without being an Executive), the company extracted itself from administration/bankruptcy at the beginning of this year by obtaining finance from Orion Fund JV, Osisko Bermuda Ltd, Pybar Mining Services Pty Ltd and Maca Ltd, along with a 2.5 for 1 rights issue after going through a tortuous process with a number of financiers who pulled out along the way. Part of the arrangement was for MJ to become an Executive Chairman.
Using BLK as a reference for MJ is a mixed bag. However, to me, GPR has a much better opportunity in the medium term at Woodlark than BLK had at Wiluna. Woodlark's estimated AISC at A$866/oz is low over the first 5 years and the reserves provide a longer LOM than that.

Look back at all previous CRs. SI have never really seen much of a discount, most of the time it’s been raised at a premium to the preceding months share price.