"The idea of cap raise just seemed to come out of nowhere and bandwagon jumpers seem to jump all over the idea."
On the contrary I have had it at the back of my mind for quite a while, as I am sure other's have.
Think about what they are trying to achieve over the next 12-24months.
* Acquisition of the remaining interest in Marshala.
* Drilling of Botswana (possibly elsewhere also?)
* Penumbra Capex.
* DWC DFS & Capex.
* Plus who knows what else may be added to the list???
They may choose to capital raise in the interests of rapid growth/expansion at the expense of the share price.
Either way they will likely have to debt fund or capital raise to cover a lot of the above points.
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