I for one was under the impression that we are cashed up for...

I for one was under the impression that we are cashed up for production until 2020 according to historical communications. It seems to be management's desire for further exploration of parts that have not had a solid JORC from drilling, which I think at this stage is just biting off more than you can chew. And that is what they tried to raise capital for.
My feeling on this is that the company should concentrate on getting the mine operational and thereafter consider their further exploration of DUBBO as far as I am aware these tenements that "we" now own 100%. If it can be avoided (and I think with planning it can) further dilution of shares should not be considered. If anything a re-rate and consolidation to bring the share-value above 10c which usually is the start of the Large insto's entry point and may make this share a desirable commodity in their portfolio. Sadly at 1.6c it does spark less interest from the whales. I still feel that a good quarterly and regular progress reports will get this share price way over the 10c mark without any consolidation or cap raising. This assumption is based on the current Mcap of 34.63 Mil which according to resource should be more like 340 Mil Mcap All IMO only please DYOR , but I feel we will see a re-rate by year end. Not really fussed as I am an LT from Heritage Gold days anyways.