Before an important drill campaign, small exploration companies will often do a capital raising.
Interesting that RDM, with very little cash, looks like waiting until after drilling.
Says something about their confidence.
(Also interesting that they are paying for the Maronan drilling themselves, rather than offloading the cost through a JV - which is their usual practise. Once again, showing some confidence here).
Ann: Drilling Underway on New Great Southern Conductors, page-12
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