Capital Raising Ahead?????

Sold out yesterday, as I was concerned about a capital raising and decided to de risk the portfolio for 30/6/18.

From the last quarterly.
9. Estimated cash outflows for next quarter $A’000 - April to June 18.
9.1 Exploration and evaluation 5,758k
9.2 Development ‐
9.3 Production ‐
9.4 Staff costs 200k
9.5 Administration and corporate costs 448k
9.6 Other (provide details if material) ‐
9.7 Total estimated cash outflows 6,406k

Balance at 31/3/18 was $10,121k

How long before a capital raising will take place? Comments or opinions.

Still like the story and the opportunity. May buy back later when dewatering has been completed.