I think you are right willrjham,As much as most holders despise...

I think you are right willrjham,

As much as most holders despise cap raises, at this end of the market where exploration is very hit hit or miss because of financial constraints and or not having the absolutely prime land, IMO it is essential to have enough capitol to at least get another round of exploration drilling in the Gascoyne for LNR. LNR IMO have close to prime land to explore. The last round of drilling wasn't a success. Maybe the land doesn't hold economical deposits but it may have just been bad luck or they haven't put a drill where they should have. I'm sure they can do better than they did. If they can't get more funds, they will not drill further and I cant see enough excitement for the traders to move this along so many that are looking to exit can't, and LNRO holders are totally out of options in a years time.