No idea, I know zero about the company. This came up in a scan and I was about to trade it when the market depth went all funny and I realised it had gone into halt. Given they released news today, and there was an hour between that news and a trading halt, you would expect a Cap Raise announcement as any material news on hand would have just been released with the other, true? Unless something happened with the company in the 60 minutes between news release and trading halt, unlikely but not impossible.
Given what the above poster is saying, I would suggest they want funding to drill further. Diamond drilling is not cheap and two holes is likely not enough to define a resource from.
Ann: Pause in trading, page-8
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