Not sure they will be in a great hurry to raise capital as management have lots of stock they will not want to be diluted cheaply, and still plenty of cash for this sort of drilling. This talk of a "transaction" and appointment of a corporate adviser is interesting, though could be they are just testing the waters.
Also looking forward to them making a start on Dronfield, potential for another IVA style high grade moly deposit as an extension to Kalman.
SMD Price at posting:
22.4¢ Sentiment: Buy Disclosure: Held
