Co just announced agreement to place 7.5m shares @ 10c to...

Co just announced agreement to place 7.5m shares @ 10c to sophisticated investors at RM Capital.
Just when i thought this one was getting boring !
Will raise 750k for work on Menzies.
I suspect the prospect of a high profile j/v partner sniffing around ( as alluded to in previous announcements ) and the increasing levels of reserves would have been the selling point for this placement.
surely the Co must be getting closer to finalizing any j/v arrangements.
Nothing like a bit of corporate action to fire things up, could get interesting from here, IMO.