Mmm...don't know what to think about the cap raising they...

Mmm...don't know what to think about the cap raising they certainly have had a run over the last month on the Breaside development, I thought they would have had enough money to get thru to drilling.

So I have 2 trains of thought:
1) that they want to raise now whilst the price is up and there and being not so good news on Breaside which would certainly drop the SP once the early results are tabled.
2) that the results are really good and they want to get in and buy more..this will depend on the terms and price of the raising.. who knows perhaps they have insto's already lined up and there maybe only a few for us.

Anyway we only have 250mill on the register so a raising with another 100mill at 3cents? will still not push us out that far into the galaxy.

Totally agree with pintohoo let's hope the results of stage 1 of the development push us forward so the raising is a success, they should be out soon let's see what Friday brings.