Might be the case, but at the preso was alluded that there was ample cash left to drill (which was only 1.5mill - which is FA), should not have said that and then a raise gets ann the next day. Not saying anything about assay results OR that the raise is being poorly done...but no need to spruik a paultry 1.5 mill when you are going hard on the drill.
Watching closely cos this could be a great buying op...a 40 mil MC with some good results so far, and Jager does look to have a lot of potential based on soil ppm
Ann: Trading Halt, page-191
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