They raised $2m in August to fund the recent 5000 meter RC...

They raised $2m in August to fund the recent 5000 meter RC drilling program and DD at King Solomon.

Perhaps they raise again prior to the 2024 drill campaign, a vwap above 30c compared to 12.5c last time seems reasonable.
Or perhaps they have more left over to commence DD or RC drilling at Brumby in March in the hope they can raise at a higher price.

They didn't seem to mind raising at lows last time... the circumstances were also different, prior to the Copper Discovery and there was also those new tenement acquisitions to consider.

As a holder I'd prefer to sink a couple DD into Brumby, but hey, who am I.