Capital Raising, page-13

let's be really realistic
my guess is good as urs however

1. whats more embarrassing getting the permit granted first and having to wait months for CR to be completed so they can start drilling?

2. or company knowing permit will be granted and have completed CR in time for forecasted drill to begin flowless.

#company most likely have some capital atm but not enough for the drilling to start,
hence reason for smaller rise back then and forecasted for higher SP at current CR (less dilution)

if i was the director of any company i would choose option 2

but feel free to share any thoughts.