Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-21

The conditional trades are very odd.

The last capital raise was done to “sophisticated and institutional investors”, raising $6 million.

If that occurs again with another $6 million raise, at the current market cap, it will increase the shares on issue by approximately 50 per cent.
Who does this benefit? It benefits those that will take a larger stake in the company …. As a percentage of ownership. This is perhaps the institutional investors that will be funding the new drilling campaign. Something strange is going on.

My 2 cents