trading halt, page-10

Most predictable. They are nearly out of dough now and taking advantage of latest share spike to raise more cash. The cynics will be spewing, if it is just another heap of dough to feed the management for another 6 months.
So, we can only hope that it is a placement at or very near current market, 4 cents, or a new issue at a very good discount for existing shareholders that is underwritten. A placement to "sophisticated investors" (mates) at a discount, will be a disgrace to existing shareholders.
Will they just want enough for next 6 months to fully prove up reserves, or, are they very satisfied with the results that we are now waiting for and going the big hit to DEVELOP an open cut mining project??? Will make a big difference to SP whichever way they choose. Will soon know.