[Video] Ora Banda Mining Set To Undertake 21M Placement, page-85

It will be interesting to see how many forward looking statements there are in the quarterly.

I would assume decisions like a $21m capital raising isn't done on a whim.

Surely the data and discussions about the need to raise money would have been started internally at least a few months before the CR process was initiated (June minus 3 months = March), and the decision to proceed with the raise would have been made 4 - 6 weeks prior to the actual announcement (June minus 5 weeks = end of April).

Based on this, I would also assume that they would have started initiating steps to address the root cause (ie shitty ore) back in March when the data started coming back that they were going to run out of money.

Again, based on the tone in the video and the on market announcements by the company (that have to be approved by Board and senior management) re-iterate confidence in the measures they have taken.

I did add more a couple of days ago. I will add more if they come back down to $0.145c (which is the lowest we hit).