Ann: Notice of Annual General Meeting/Proxy Form, page-7

True, but like my opinion, there are soooo many variables, that it is virtually impossible to agree when we come from opposite view points.
My point is much simpler - why potentially raise at $0.10 in May 2017, when, we would hope, the share price at May 2017 should be substantially higher.
I think you answered this "... SP above 10c sometime early to mid next year."
This increase in SP is probably a little slower than I would have anticipated.
Can see your point though - all very valid.
I didn't think of it that way.
Thanks Downsyde.