capital raising on the cards

From the quarterly there is about $1million left in the market.

If AQC is going to do any meaningful drilling then a capital raising is on the cards ... unless they get a JV partner that is flush with cash.

The tenements are in a good location relative to other juniors but still at a very early stage exploration so a market capitalisation is $30-$35milion is kinda right.

I do see that if they can find a decent resource of metalurgical coal or large resource of thermal coal then I can see a decent re-rating.

Going to wait for the placement or capital raising then I will enter. This was at 9cents high just 4 days ago and now its 7cents. I can see a raising around a 15-20% discount to the share price.