companies will raise cap when it is advantagous and not...

companies will raise cap when it is advantagous and not necessarily wait till they absolutely need it. But the higher the sp the lower the dilution when they do. So far the JORC report and the JV ann. have served the SP well. We also have weedina coming up, don't we ??

for as long as they can keep producing good, SP driving announcements they should put off any cap raising. However, I would have no problem with cap raising down the rack when conditions are ideal.