Ann: Quarterly Activities Report, page-66

I’m really surprised by the jump today. People must really have low expectations..

in terms of cap raise, id agree there is some risk of it happening with the mine reset plan. But:
1. They will already have a plan what to do. Recent sp action will not have been taken into account, so any CR would be at a ridiculous discount
2. They just sold BRN shares at a huge discount, why do this if you’re going to CR anyhow?
3. Investors might get pretty upset given last CR occurred at 65c

no management had better offer a good so lution- or bring a pretty compelling argument to raise / waste more shareholder money.