It was strange that they did the capital raise before the resource review and the drill results from Muni Muni. They had enough cash to get through the quarter but obviously don't want to leave it too late. If the resource upgrade is material then they might have left themselves open to a class action from shareholders for doing a capital raise without the market being fully informed at the time and therefore those participating in the capital raise getting preferential treatment.
Ann: Trading Halt, page-33
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