I believe MOD were needing a cap raise within a few Months to...

I believe MOD were needing a cap raise within a few Months to continue to fund everything they have going on, particularly exploration, securing some funds in the coffers to strengthen against offers low ball offers.

Perhaps they figured with Sandfire news, a cap raise should be done now while we have a good news story breaking..

Either way, we want exploration to continue full tilt and no delays with DFS and progression of that, so i'll stomach it at 30cents.
Would it have been better to allow the market to react to this news and possibly get vwap above 30 cents anyway?

All in all, this indicates positive times ahead.
Exploration success is really a huge deal now that at leaat one party has confirmed interest.