Ok, here is my take and response:I really appreciate this email...

Ok, here is my take and response:

I really appreciate this email and support mate.
Let's not blur the lines between employee and shareholder. Choosing to list on the stock market means you are accountable to all share holders, irrespective of holding size. These emails from holders are not a statement of support, they are questions of WTF. If you were doing a good job and the right thing by holders, it is likely you would receive very few emails.

This raise came very quickly as Institutional investors wanted involvement, hence the quick closing of the book.
Institutional investors wanted involvement? Big deal, let them buy on market like the rest of us plebs. I want involvement in my neighbours house going up in price, but they aren't going to sell it to me for a 20% discount. The bank would be pretty pissed off if they did.

Solid Institutional investors
Oh, that is reassuring. Who where they? Were the shares put in escrow? Didn't think so. If you want an example of "solid institutional investors", take a look at the announcement today from AVZ. Claiming this was a raise to "solid institutional investors", I think, is a straight out lie.

a top up considering we are adding extra rigs and we keep going through the winter and expand our environmental studies
The market has demonstrated multiple times that they do not care about rock chip samples, nor the grade at RPM. Sure they will in the future, but night now they do not care. Perhaps a more focused and disciplined approach is in order. RPM is probably 6 years away from being progresses, the others are probably 10+ years away. Stay focused

as a company we need that financial comfort while we work at monetising some assets.
No, as directors with performance bonuses, you care about getting your shares. Perhaps the management should be incentivised based on how little dilution they introduce. The company needs to produce a resource upgrade and publish the scoping study. There is no material impact right now from focusing on non core activities.

we need to make these decisions, a slight set back, however, gives us a safety net not to lose any momentum over the Christmas period.
What momentum? As mentioned above, the recent announcements about RPM and rock chip samples have done little to influence the share price. What makes you think the work being done and money being spent on the satellite assets is going to pay dividends in the near term (unless you find more than 1.5g/t. The company had the funds to focus on achieving M&I at Korbel and publish the scoping study, things that should have been done 3 months ago.

We had/have many mandates of debt and other equity with options attached which also cause a lag. We need to look at this rationally (although we all hate dilution) it is only ~5% dilution however gives us that safety net that far outweighs the dilution from a risk management perspective.
Ok, if it is only 5% dilution, I would appreciate you topping up my portfolio with shares you purchased on market (not shares that were gifted to you). You also had a safety net, you just squandered it chasing unicorns. If you want to talk about risk management, how about you stop non core activities and focus on priority targets?

Aim is to get back as much data as we can to squeeze into the Korbel resource update to increase and get as much into indicated as we can for the scoping study.
The company raised $21m. That was plenty of money to conduct a resource upgrade and complete the scoping study if the company was focused. Again, the directors went chasing their performance bonuses, rather than focusing on the task at hand.