There are two competing factors here. 1) Likelihood of near term...

There are two competing factors here.
1) Likelihood of near term exploration results.
2) the markets end of year tax selling. That is allied to the general market "sell in May and go away effect".
I suspect we're past the low point which was around 6.7c but I think were in what cricket commentators like to term "the corridor of uncertainty".

I don't know why anyone would be concerned about a cap raise. At the AGM Mike young took my question on the issue stood up an loudly said there is no need fro a cap raise in the foreseeable future. paraphrasing him, Firstly because they have some cash, secondly because for their own exploration they are supplementation with government grant funds and thirdly because the exportation and drilling including allied staff overheads (by which I mean he meant most overheads).

I haven't been saying anything about he mis-guided comments ( not form you) here because I have a lot of other exciting things going on. E.g the OZL takeover is being fought out with AVB holders claiming if OZL miss Avb they will have no growth. Really what is Nebo-Babel an emus egg?

Another thing I can draw investors attention to is the AMEC (Aust. Mining . Expl'n Companies) conference in id June. CZI won't be presenting but if you want to develop a depth of knowledge of the industry it's free for non-mining co. personnel i.e. investors. here the contact details.

Perth
6 Ord St
West Perth WA 6005
Phone: 1300 738 184

and the link to the program.

https://www.amec.org.au/Public/Even...bsiteKey=30dfef7f-89e3-4449-b99b-70329ebe8e48