yes they are rabbittng on about a capital raising funny.  But...

yes they are rabbittng on about a capital raising funny.  But seriously looking at it what are the chances. 
1. yes they have more money coming in due end of year from options and any time from 5m facility so their will not be an emergency cap raising.
2. Enough money for 6 holes, Time to do with one rig ?  if they want second rig need more money. 
3. For JORC i think they need like 15 or so holes, so they will need more money for that.  
4. So question will be will they get better return from traditional capital raising or use the 5 million facility, interesting question to many variables. 

So i think they will want to speed up the process of getting to JORC, they will need more rigs and more money. Cap raising must be better value than a loan. ?  but no doubt depends upon all the terms. 
hope they don't want to wait till end of year for the other options to be exercised. 

My guess would be Finnish the next hole get the numbers out and get the share price up to say  0.70c or better then do a cap raising at a premium to the market to a single big insto to get them into the stock so as it can then be pushed higher.  

From what i understand the second hole will be significant as it should indicate that the whole valley is a Li brine trap going better than 800 ppm.

A capital placement to a big insto i think would be a very good outcome.  don't think we will get in on the action as the small share holders seem to be whats holding back the share price, im amazed at the little sub $1,000 parcels that go through.  is it day traders i thought they went in and out using more money than that? so who are they ? school kids ?  or is it now with the internet many many more small investors get in the stock, who the hell are they?  BOTS ?