You nailed it.
The funds will (hopefully) be sufficient to complete the updated MRE at Massan and the maiden MRE at Bereko.
What then? Under Craig Mackay the company never committed to developing the project. They just drilled and drilled and drilled, raised capital, consolidated shares, raised more capital... all the while living the good life on senior management salaries.
If the new management can't do better then I will be done forever with this company. They've (finally) found a prospect of decent size, with good grades, well distributed, near surface, in easily-milled rock. If they don't know how to develop this then there's no hope for them anywhere, ever.
Cash Raising Imminent?, page-7
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