A capital raising is a great result for WME. The fact they can...

A capital raising is a great result for WME. The fact they can raise money in what remains a difficult environment is testiment to the quality of their assets.

I hope they make it significant though. Do it and get it over and done with. There's nothing worse than a quarterly capital raising to keep a dampner on the price.

One of the biggest destroyers of value is time. The current Board appears to be very aggresively pursuing the exploration of our highly prospective holdings. This is without question the best strategy for WME (we could have one rig on the ground drilling for 3 yrs and still be where we are now).

If they execute the capital raising properly, I see this as extremely positive and a clear path for some strong share price performance in the coming quarters.