capital raising

ADX are raising capital.
They have a $15 million unused credit facility that expires in 6 MONTHS.
If you read adx announcements on Sidi Dhaher and those of XST and gulfsands adx talk down the prospect of SD and xst and gulfsands talk it up.
Quite strange that ADX are now raising prior to the well test and not using the credit facility. Strange that other partners have broken ranks and announce without consulting adx who is the operator. Have they lost confidence in ADX?
Will be very interesting to be a fly on the wall while ADX talks up the cap raising to institutions. The cap price should indicate what SD HAS.
As for the management of ADX. Questions are being asked not only by the ASX? See yesterdays response.
Even with a 80 million cap share issue at 8 cents only brings in $6.4 million. Why not tap the $15 million credit facility instead of hurting long term shareholders just to benefit the profit takers, sorry the SI investors. Maybe it time for management to go.