if they had low cash, they are unable to do work and generate...

if they had low cash, they are unable to do work and generate news flow - if low cash in the Q due out in a week they will get punished, with selling as holders will run thinking a placement is coming! would seem that they have waited for as long as they could!

Many companies out there unable to raise, due to poor assets and hard markets, if your offer extra it's hard to not take it! -
I looked into Melbourne capital and Angus Edgar, the guy is a total player and these days he only dose a few deals a year, and he is good at picking an early winner with some positive news its a good matchup!

I hope Angus has bought a few whales on board, one who actually understand exploration, and fingers crossed for a new T20 with players who are known and have followers etc.. the Current T20 is probably a little stail and have very few bullets left or have been torched like anyone who has been in the junior market the last few years and have been forced to sell or have given up!