I think that they were hoping that the results from 02.05.2013...

I think that they were hoping that the results from 02.05.2013 would hold the SP around 20c and then they could do a capital raising at that level. However now it's trading at half that so it will cause double the dilution. Raising capital can be a good thing because it gives them the opportunity to fund their plan.

Check out what they expect in 2015+ in yesterday's preso on page 10. $$$. Once they start to grow and prove to the market that a potentially commercial resource exists then the SP will rise. It's a waiting game and taking a position in dire times for resource stocks might be the key.