capital raising

For what its worth guys, I have been involved in a number of companies like this recently, who just before announcements, go to the market for more cash. This may be an insurance against what they potentially find, or it could be that they want to shore up their balance sheets.

SDL's cash has fallen from 61m to 43m over the past 3 months, and they are still drilling. There are large costs involved- so do not be surprised if their is a CR around the corner.