Ann: Capital Raising of $1.76m to Advance Kalahari Exploration, page-17

Here is where I see there might be issues...

Whilst they have a 'head down, behind up' approach, the fact that they aren't keeping the market informed of their activities on a regular basis is hurting them when it comes to times like this when they need to CR. When was the last time they actually did a presentation??

No one on the board has bought in at these low levels (JT), which, if they wanted to Instill confidence whilst minimising outlay, would be a way to do it.

Whatever their strategy is, it might be worth considering an alternative approach, as raising from these levels is a sub optimal way forward.

Public relations is part of their job.