Well it sounds like there are new sophisticated investors on board "strategic investors" - doesn't sound like mum and dad. Interesting use of the word. Also, looks like they are adding talent to the Board as well. It is actually good IMO to raise the funds now as we move towards the key drills. The SP should run up in anticipation.
I wouldnt want to be heading into Sept/Oct in the market trying to raise money. They are set now with the company making drills to come. Good stuff.
MPJ Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held