Ann: 2018 Annual Report to Shareholders, page-8

4C shows ~$900k left by end of this qtr, so has to be a raise. Can't see it being less in scale than the last one, as you'd be raising while you can, should markets seriously deteriorate and to provide for a few qtrs of runway ($2.5m/qtr x 2 qtrs, for example, is still only $5m and probably doesn't get you into next year's drilling season at Alligator River). I'd say possibly more like $8m but could be wrong. Take midpoint and say $7m at 7c and you emd up with an extra 100m SOI, so 516m total and $36m mc at 7c. Or $56m mc, back at the last 11c raise.