Yep @mule from our perspective as existing shareholders they should do it that way.
But some companies don't take the risk of the outcome of the first set of results (and the market reaction to it), and just do the CR first. We are inclined to think the next set of drilling will obviously be really good, but nothing is guaranteed. If there is a solid run up in price prior to drilling, a conservative board may use the opportunity to do a CR.
Lets see what happens.
Ann: Quarterly Activities Report and Appendix 5B, page-9
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