well there are probably 3 scenarios;1) capital raising - not...

well there are probably 3 scenarios;

1) capital raising - not likely considering CRC have $2.2m as at last quarterly

2) drilling results - bit early for drilling results from north monger as drilling started on the 20/21 january. Even if it is the results and they are good i wouldn't imagine they would do a trading halt to announce it

3) new project - i am leaning towards this or it could be a capital raising/placement to fund the acquisition of the new project