Wouldn't you think that with the expected resource upgrade due out, management would have post-poned this capital raising? This demonstrates the confidence of management in upscaling the reserve size. Then again, there is a dam lot of stuff that is price sensitive that is due out before year-end and I assume that this should be the last capital raising for a while. Overall, I dont agree with the exact timing of the capital raising; however I am not management and thus do not know near to half as much information about the current activities.
Sufficient Cash should now be added to that list.
Disclosure: Interested future buyer sitting on sidelines.
trading halt, page-3
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