Ann: December 2017 Quarterly Cashflow Report, page-27

In my view, it is highly likely that there will be a CR in Q2 if there is no TO offer prior. Q2 will see a further 20,000m drilling and pfs which needs capital. I hope that management will do a retail CR, but doubt it. So this leaves CR vis sophisticated investors, or top 3? Shareholders, or via the players ML mentioned. Personally, I hope for the last optioon as this will create more competition and drive the sp further.