8c seller, page-14

A cap raise is certainly possible upon completion of heap leach feasibility study this quarter. Debt funding for this project is not only tough to get ON good terms, but a real sp destroyer when pog falls AND cap raising then needs to be raised at a weaker sp. At this stage in the cycle, a conservative and smart management would go a Cap raise.
The company has committed itself to no inside knowledge out there. So if it is a mere flurry by a broker recommendation, sp gravity will prevail in due course.
If it is pre-cap raise huff and puff, we'll know pretty soon.
If sp continues hot against trend I suppose the takeover question comes into play.

Given the definite release of heap leach feasibility study this quarter, cap raise seems most probable. This corresponds with the defense at 8c course of sales. However you can never discount the prior knowledge sharks on the asx. Interesting couple of weeks ahead.