Cap raise was inevitable though, they want to produce the Kaolin, which was shown in the report when the JORC was announced, and they probably can't afford to do that at their timeline with a $6m market cap. Don't forget a host of other activities that need funding too. View this as good news in my opinion.
Ann: Trading Halt, page-4
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Mkt cap ! $5.145M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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