I think (hope!) its a mixture of both no 2 & 3. All the recent announcements are poining in that direction.
I think they will raise money to fund development. They can then fund future exploration from revenues received from production which will mean no further dilution of share holdings. If all goes well production should be occurring during the time that the price of gold has broken out to a new level. What else could explain all the infill drilling taking place instead of drilling along strike for new finds?
The reason i also would like positive drill results from somewhere else along strike is that i would prefer any capital raising to take place while the price of CQT is stronger than it currently is.
It could be the pwerpoint presentation we were waiting for. It will be pitched to raise capital and contains some great news.
I guess we will find out shortly, we can only speculate atm.
CQT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
