It's not impossible I suppose but I would question the logic...

It's not impossible I suppose but I would question the logic behind it unless the were expecting the results of the drilling to be poor.

I mean they have $1.3m in cash on hand including a prepaid drilling campaign. From the presentation it looks like they are expecting the drill results to be excellent so surely the logical move would be to wait after the results, let the SP move forward then raise at a higher level and therefore avoid unnecessary dilution.

Don't worry about the fall in SP today it has gone down on 6 trades or $15k. low volume so it doesn't mean anything. Could be an impatient holder needing to move on their money else where.

If it starts to free fall on big volume I'll get nervous but I'd say it's more likely to head north on high volume. We just need a bit of publicity to give this thing the boost it needs.

Cheers,

DMac