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Will news be out on Monday??? Looking forward to hearing what they have planned. IMO the plan must be per share value adding in order for the directors to be willing to have their holdings diluted. Obviously the shareprice reached a point where the benefits of raising outweighed the amount of dilution. Any significant ramp up in drilling activity is likely to be well recieved by the market.
In 13 days S+P will announce the ASX300 rebalance, I suspect MAD are likely to be included which would see significant interest generated. At around $1ps we will be in ASX200 territory and I would hope to see MAD admitted to that indices in mid Sept.

Future looks great..
Cheers