I think its reasonable to expect a cap raise in the near term -...

I think its reasonable to expect a cap raise in the near term - likely sometime Feb-April.

They will do it not because there broke (but they are tight in this regard) but as an opportunity to fast track more exploration and to provide further optionality/balance sheet flexibility.

Managing Director is the majority shareholder so he’s not going to shoot himself in the foot with a dilutive raise at these prices. He’ll wait for a few more exceptional drill results to let the low liquidity send the share price sky high again then organise a raise off the back of that.

hold tight folks - this is going to be a thrilling rollercoaster over the next twelve months.