TBE. Raising capital is more than just the immediate financial...

TBE. Raising capital is more than just the immediate financial needs of the company. Given the pending option expiry, another option issue as reward to shareholders could be an option. Also shouldnt be underestimated is the strategic importance of raising at the right time, when the price is highest for least dilution. Regardless of frac results, it will be a long road to production with downs and ups in share price.
Refer my previous post. Management will be acutely aware of what happened last time and will take no chances. Current cash reserves circa $2m. Enough to see out the year? Probably. That fact is that sooner or later the company will need to raise. Its all in the timing. Just IMO.