It's gold miners again that are expected to be vying for investor attention on Monday morning.
Exploration company Bardoc Gold is understood to have spent the weekend preparing for an equity raising and had its teams shoring up early support.
Bardoc Gold is expected to seek to raise $20 million via brokers Rawson Lewis and Curran & Co.
It is understood the company has already received cornerstone investor support for a deal at 7.8¢ a share, which would be a 13.3 per cent discount to the last close.
Funds raised would be used for exploration, a definitive feasibility study, engineering, permitting and the like.
Cornerstone backers were told to expect Bardoc shares to be halted from trading on Monday morning to allow the raising to take place.
Meanwhile, fund managers reckon Bardoc is not the only gold hopeful that has been testing waters on an equity raising. Hot on the heels of Ora Banda's raising on Friday - and Bardoc's expected deal - attention has also turned to $120 million Calidus Resources.
Calidus released an updated pre-feasibility study last week and appointed Argonaut as debt adviser to spearhead its project finance discussions.
Investors reckon it would make sense for Calidus to also capitalise on interest in gold names and top up its equity balance. Alkane Resources is Calidus' biggest investor with a 13 per cent stake.
BDC Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
