I think it could be a few different things:MKR management have...

I think it could be a few different things:

• MKR management have been influenced by BEOT who want a bigger slice of the company at these rock bottom prices
• Management were swayed by this to bank some quick cash should the transition to silver not go smoothly
• MKR management have already recognised some hurdles that will require extra funds for the transition
• MKR management are very excited about their drill prospects but know their cash is a bit tight at the moment to take advantage of them now so have raised cash to remove that time delay
• They have had some issues this qtr processing the remaining stockpiles of MtBoppy ore (prior to the transition) - meaning cash is tighter than planned

It could be a combination of these items, or others I haven't considered.
The way the company came to market was on the back of an IPO that was maybe $10-12mil short in terms of the funds it needed to get MKR operating profitably and fully clear of all debt.... it has now plugged that gap via a couple more modest raises.... one around the 40c mark last year I think...... and then this one. Would the market have bought into a larger raise in the IPO? Maybe.... maybe not (as Dennis' team was unproven)..... either way... it's done now. Time for us to move on