I flagged there was a good chance of a cap raising if SP went...

I flagged there was a good chance of a cap raising if SP went above $1 about a month ago, so not surprised.

I expect they will indicate a fair bit of it will be earmarked for their plans to increase production to well above current levels.

They were either going to do it later via cashflow or ASAP via CR if SP went up as it has. I feel a CR is the better route to get it done quicker. Many no doubt will disagree.

Cdchi1