Ann: Trading Halt, page-120

One could easily argue a raise post successful results yielding more value in CR per share given that theres plenty of cash in the kitty.
We dont know for certain what the thought process was behind the raise, however
if i were to speculate, i would say directors took the option to better manage risk in a worse case scenario with all the cash burn during current extensive projects.
That being said, short term depreciation to cr, sometimes even below cr results 95% of the time. Successful drill results, permits, success with production will decide the fate of our investments in both scenarios debated and effects of dilution lt will be minimal if all the stars align
Imo