It’s a most unexpected Cap Raising... to me at least.
Especially considering their insistence of a maiden resource in 2012. Hard to envisage a scenario that would see them do both a) Cap Raising now, & b) maiden resource late 2012 (unless this capital raising will come with a much more significant announcement...?). If not, it of course only leaves us with one of those 2 options to eliminate!
I wonder if it has anything to do with them wanting to fund their own assay sampling lab, which I’m sure I’ve read about them considering in the past. I’ve been following Ampella Mining which have announced something similar. Having said that, the news flow of late seems to suggest they have solved the delay issues anyway.
Wait and see... I guess.
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