TO be honest I would welcome a cap raising in the near term to fund this company and see this through. I have a high price target if they firm up the JORC upgrade in Q1 2011 and in the short term we have some stellar drill results to drive the price up.
PIR has such little share dilution that at these prices it would be a very positive move to firm up the future of the company. I dont forsee anything happening soon and suspect if/when it happened we would be well into the $ shares anyway...
PIR Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held