I share your concerns on dilution. I would of thought we could raise alot higher than 14c. A bit disappointed there. If the full 12mil is taken up our shares will be approx 538mil, with close to 20mil in cash. To compare for shits and giggles, using PRU they have over 1bil shares issued so it's not gonna destroy us.
In the preso it says money from toll treating to be used for exploration, so gets me thinking there is something else going on...
As Cashedupbogan has said, Boorara is not a tier 1 deposit, we all agree there. But can JP prove up another 200-250oz with further drilling, or more. I think so.
The market has finally taken notice of us, as the recent climb in the SP shows. When these guys drill, they hit!
Imo I don't see the SP heading to 13c. I've made a chunk of change in a co that raised at .009 recently, today that co hit .04.
This is the right time to go all 8n with drilling, prove up resources and reserves and get set for production to get this Co going places.
