It isn't that bad $1.8M raise to continue drilling, as the worst...

It isn't that bad

$1.8M raise to continue drilling, as the worst thing you can do is down tools and have drillers go away

The options are priced at 20c

IMO brokers knew they needed the cash and were placing client stock etc for sale at 10-12c to ensure the raise was priced as low as possible

Should be money for jam during drilling, as this should be sitting nicely at 12-14c

Let's hope they push it into double digits on release, as not all raises are followed by a dip - especially if drilling is looking promising