DP,
With all the activity at Woolgar I would expect a placement with overseas investors -just my gut feeling -if I was SMC I would be hoping to replenish the kitty AND have that coincide with some spectacular drill results. But the results are a punt -despite my long term confidence in it being another Vera Nancy the initial holes could miss the target. I believe SMC is for investors with a medium term view -not a daytrading stock. TT