Agreed - the liquidity in the stock is also and issue. Quite large swings. However I tend to see the the strategy would be dig the holes and have money in the bank to buy the option - $300k from memory plus 5M shares and 5M options.
management confirming they will take up full entitlement. They are clearly very confident. If there are large intersections at 20-40g/t in existing areas and drilling shows extension then we could be up for some good movement.
This could be the plan to fund the diamonds (or at least raise at higher SP)
Ann: Share Purchase Plan, page-3
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