capital raise maybe

~ $3+ million in the bank, drilling this quarter, near term capital raising might explain the low liquidity and difficulty pushing past 30c???

I suppose I am suspicious about Cannaccord providing coverage. Definitely smells like a capital raise? I wonder what sort of discount a capital raise could look like. When they announced $6m raise in December 2011 the price was at 26.5c and they raised at 20c... its a pretty tough market today by comparison I would have thought... scary time to be running out of money. New announcement hasn't provided any steam which is dissappointing.

I like the management and Canada as a jurisdiction but waiting for the dust to settle on financing strategy with this new 'robust' project