It will be difficult, cap structure is becoming too bloated at 5.7B issued and there won’t be much of a discount for insto/708s at recent vwap (and as you pointed out the track record isnt great so higher level of risk attached compared to other juniors)..
We are going to need cash soon without a doubt for the planned exploration in this and previous announcements.. I honestly thought we would’ve seen a trading halt for a cap raise sooner, but maybe the plan was for the new financial year..
If there’s no capital, there is no more exploration and then unfortunately as a going concern I’d hate to say it but it will be..
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