Ann: $10 Million Placement To Fund Mine Extension Drilling, page-12

I can see the benefits of extra funds to, once again, give us hope for striking the "big one". I've thought that on each of the previous times we've had our hand out.
I just don't like the fact that less than 2 weeks prior to this arrangement we were told by our MD that "first cash generation now enables us to stand on our own two feet". That lasted about as long as it took to utter the sentence.
I envy the optimistic outlook of those who are apparently chuffed to pay out money to maintain their percentage interest in the company.
So, it's costing them to mark time or to just keep their head above water. I've done it myself previously with HGO and can't afford to any longer. Another win for the big guys.