Ann: $21 million capital raising to underpin exploration, page-110

People need to relax and understand we're just over a week out from Xmas, investors/traders are taking money of the table throughout the small cap space, so they can enjoy the break without worry. There is very little money coming into this part of the market right now, its done for the year, I hold plenty of mining juniors and they are all being sold down, with many trading below recent raise prices. The weakness in the SP will probably continue until early Jan imo.

Long term everything is on track, they just did a $21m placement to Insto's/Sophs at 27c, who would have had a good look at the project before investing. The $3m SPP is pretty much tokenistic anyway, so doesn't really matter if it gets taken up.