Agree. Solid strategy. Raise just enough cash to advance...

Agree. Solid strategy. Raise just enough cash to advance exploration to the next stage and move the share price to the next level before another placement and so on...

Also shows strong vote of confidence in the project by the directors. If it turns sour $1.15m wouldn't buy them much time, but they are obviously extremely confident that the project will deliver (otherwise they would have gone the soft option and raised 1 to 2 years cash).