"Webbs & Conrads both have a lot of potential with good grades,...

"Webbs & Conrads both have a lot of potential with good grades, but need a lot more work which requires money."
Aint that the truth. They aint got the money and $1.74M (less fees) wont take them far.
Carrington is a JV with WRM doing the farmout and so the clock is ticking there for further expenditure or they will lose that too.

100 Moz was a reasonable target to establish a mining hub. IVR has 50 Moz or so, with very high grades, but they cannot make a case yet for going into production.

I think they have now exhausted non-core tenements to flog off, although there are some gold prospects, I think.

Whoever heard of a company making an issue at 89% discount before without going bust?
Do they have an something in their back pocket to be taken over for peanuts with seats reserved on the new Board, or perhaps performance options to be honoured? Don't laugh, I have seen this happen already in recent years.