Radio A,
couldn't find the part about the 3 month expiry, but interesting nonetheless. This combined with their casual mention of the maiden resource statement in the investor update of February 7 as "NI43-101" (the TSX standard), rather then "JORC" (the ASX standard) must make one conjecture:
- a capital raising is planned;
- at a higher issue price than currently pertains;
- that this issue could take place on the TSX;
If it's true, then there needs to be a catalyst for the share price to improve - the JORC/NI43-101. I'm with Denpal and Anatol, that the statement could exceed expectations. That would provide management with the trigger to make the new issue for minimum dilution.
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