Ann: $2M Underwritten Share Purchase Plan, page-11

Hi puss
i am aware of what ibaera cover, But 900k in the bank should cover the lights. and as ss keeps saying re rate round the corner.
surely 900k would keep the lights on till then. one would think with more drill results on the way. whats the urgency to raise now.?
If the outlook is as good as were being told. would it not be prudent to wait and raise at a higher price. I have been a share holder a long
time. just starting to feel ive heard this all before. cheers