Reading between the lines i think Topdrill declined a drill for...

Reading between the lines i think Topdrill declined a drill for equity deal, maybe also mining contractor responded the same. In that scenario DT had no other option but to raise to cover "until they reach production".

If it is $10m i hope retail has the option to be involved.

BC8 did 2 raises in short time as it acquired Lakewood mill for $85m, so the strategy seems similar.

If BC8 becomes a cornerstone investor (very likely imo) then that puts a base under the SP.

Unexpected by me and i expect DT to explain fully in the raise document the background why after clearly stating last raise "that sufficient funds were now on hand".