If they are raising through sophs and funds, they usually do...

If they are raising through sophs and funds, they usually do this before a good announcement of a resource upgrade, because the sophs and funds often only look at short term gains through a quick turnaround.

So the company can offer them a good discount now, say at about 9 cents a share, then release a good resource upgrade so the sophs and funds can sell on the spike into about 12 cents or so, for a quick 30% to 40% profit if they are lucky.

I hope there is something in here for mum and dad investors.

If the price of gold holds up, this could be a good medium term investment.

I also sold some last week, just because I thought the price had run hard, and I had bought at 4 cents, and wanted to lower my average price, which is now less than 2 cents.

I'll buy more here in the capital raising if the price is right.

Gw