this is a sydney based company and i believe they would have a lot of support form the big end of town, so more likely to be a capital raise from "sofisticated investors" and they'd be comfortable with the share price at 1.2c at the moment... if that was the case the results from the latest drilling would only have to be "solid" to keep things ticking over.
the only significant share movement in the last 12 months has been citigroup global markets who bought at 4.3c to go to 8.1%.
i seriously dont think that they need to conform to the cliche of... hyped semi spectacular drill result followed by share price spike followed by capital raise. ha ha...richard poole would only have to walk around half a sydney city block to get their next capital raise at 1.1c, and they'd be asking him "why back so soon?"
REZ Price at posting:
1.3¢ Sentiment: Hold Disclosure: Not Held
