No, nothing like that. I bought in after a few hours research....

No, nothing like that. I bought in after a few hours research. The company seems proactive in its balance sheet management. They operate with a decent margin of safety and are the least likely candidate to opt for a capital raising in the near future IMO, unless acquisitions are on their mind. Drill results are menial, although that can change! I simply see a high probability of a 50-100% return in the next 2 years from this level. It is in my opinion that the market has undervalued the stock. It is unfortunate that I bought a few days prior to the consolidation announcement, which markets always frown upon.

As mentioned, with the balance sheet in place, there is no need for a capital raise for the sole purpose of preventing insolvency after the consolidation. There is no debt, current assets are $24M while current liabilities are $0.3M. Cash at $9M while market cap is now $10.7M. Current expenses are $2.5M per year. Even if expenses are doubled to fast-track drilling, we would still have 3 years before a cap raise is necessary.