Ann: Annual Report to Shareholders, page-8

There were a lot of complaints about the timing of the capital raising. However, I'm now very relieved that they did the cr when they did. Had they not done it then, with the market behaving as it did over the last few months and if the cr was still ahead of us, then I'd hate to think what would have happened to the sp by now.
With the benefit of hindsight, the company has done us a big favour by doing the cr early. They have enough cash, pending the loan finalisation, to get into production. A huge advantage in this market that allows us to sit back and wait without worrying about funding.