I think this a very good move, the world is getting a bit wobbly...

I think this a very good move, the world is getting a bit wobbly again.

Sound management trade - 13% dilution for an excellent future.

Price is pretty good. Raising done while still about 2.something in the bank (Dec Qtrly rep) better to do the raising now then when cash is low. Even if a resource out lack of cash when raising always means over the barrel.

It lets them expand pace of exploration push out a resource at Hicks and Smarts and perhaps Kaburi, start rigs churning at East Omai along with a safety net.

Also to watch - Uranmet the other Aussie Guyana player.