I liked what someone said the other day and I will expand: 1....

I liked what someone said the other day and I will expand:

1. Resource is known by all in the industry, locally and abroad. We don't need to market it.
2. Rail application is with the govt dept. It out of our hands.

All activities could cease - sit and wait for a takeover
Let the new company pay for their BFS.
During the interim, cut back on administrative costs by staff taking temporary unpaid leave ( or take annual leave).

So if you think a takeover is likely, the cap raising is to pay for the BFS which may not be necessary.