Yes, in hindsight it appears the capital raising was well-timed,...

Yes, in hindsight it appears the capital raising was well-timed, and caused minimal dilution.

And not only that, the capital raising has meant they have prevented the need to take on increasingly risky and costly DEBT in order to reach a cashflow positive situation.

View is now cashed up, and management have locked in favourable put options on their gold sales, and hedged their fuel costs. This means less risk during the critical ramp up stage.

It's crazy that the share price has tumbled as much as some of the highly speculative exploration companies, but it has created a great buying opportunity for those with the funds and the nerves.