Often when a small outfit like this plans a capital raise there...

Often when a small outfit like this plans a capital raise there are a number of positive announcements that boosts the share price so all the punters out there feel good about putting their hands in their pockets to kick in some cash.

Not with this one. And we are awaiting hopefully a positive improvement in the reserve report. Makes me think this may be a placement with a single or small number of larger investors. But that would be a hard sell in the current environment when the reserve report hasn't been released. Or does somebody have a good idea of what will be in that report? As it would clearly be material to the value of company if someone knows shouldn't we all have this information?

This is of course pure speculation and just another idea to think on over the weekend.

And of course Motors might be right and a highly dilutive raise at a discounted price might be on it's way.

Ouch!!