Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-10

Exactly, who cares about more capital raises, you would rather there be capital to spend on exploration for an exploration company! The only thing you want is the share price to be higher for every capital raise to ensure minimum dilution. That’s the key! If that takes place I think every shareholder won’t be too worried because every drilling program and cash burn could be a step closer to a discovery and significant return on their investment. Look at WA1 and their succession of raises. Every time they hit something decent, the market reacted positively and the share price rose and the institutions either became involved at a minimal discount and even one at a premium - 13% premium November 18 2022.
A lot of people spread fear about capital raises but you have to take a step back and look at the bigger picture Imo.