In the time I've been in this stock, Chris Cairns has always been open and clear on the need to raise capital to advance stavely's drill program. I vaguely remember the figure of $20mil being mentioned in one of Savannah's interviews? (That may have been Savannah's suggestive figure, not necessarily Chris's).
But I've also noticed that he never misses an opportunity to drop an investor presentation either at a conference, on the ASX or travelling around the world drumming up interest for future cashflow needs when the time arrives.
So I wouldn't necessarily mark this Ann as the start of the countdown to a CR, probably just business as usual at SVY.
There's many many thousands more eyes on this now than there was 2 weeks ago, seems to me a no brainer to drop an IP while the world is watching regardless of your immediate intentions.
SVY Price at posting:
$1.25 Sentiment: None Disclosure: Held
