Ann: West Arunta EIS Co-funding for Avalon Drilling, page-44

I did post about capital raisings occuring at a premium when a region or company is hot, using WA1 as a case study. It could easily happen here. Anyway, even if a capital raise happened here it would follow the 5 day average which is above the current share price anyway. Personally after managements rhetoric and the way they are talking about being fully funded and awaiting further newsflow I don’t think we will see a capital raise anytime soon. But stranger things have happened. At the end of the day we have more exciting targets to drill and the more drill holes means the greater chance of a discovery. So more capital raises are inevitable. Such is life with any junior minerals explorer!