Once a company has set off down this path, and have a history of...

Once a company has set off down this path, and have a history of doing ann and cap raise the next day, they have no choice but to continue to do that, as that is what the market will be expecting.

The only unknowns are the size of the pump the day of the ann and the size and price of the raise the next day.

In the circumstances with recent exploration failures and potential wait for another piece of news that can tangibly drive the price... this was expected.

Once they have this modus operandi, they have no choice but to continue.
S/H can still have gains, but the management have to make every dollar raised count in results and that has been lacking. Hopefully some good results for holders down the track and with the added ground still think this is their best and most easily managed project. Doubt a company of this size should be fantasising about projects in far-flung corners of the world like CAN and NAM.