taking a position

Hi all,
I am impressed by what I've read about this stock and am looking to take a small position.

The one thing that concerns me at the moment is the potential for a cap raising in the near future. With so many targets on the go I'd expect them to chew up their $2.9m fairly quickly. The recent hike in the price must also make the timing more opportune for them.

At this stage I think i'll average in over the next few months and can use any SPP or rights issue to top up....as long as they dont go straight to institutions.

It seems like they were cashed up after listing and this has sustained them until now, along with the recent southern gold sell off, with only 115m shares on issue since listing.

How do those of you who've been following for longer expect them to fund their next 12 months of exploration etc - seems like they go through about $1.3m/quarter?

I'm very positive on the stock, just wary of the timing. Congrats to those of you who've got in earlier!
Cheers.