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No one knows whether a placing will happen sooner or later. What is a certain is they are going to need cash to prove up reserves and drill . Hope they get a loan ( at decent rates) . A placing when the share price is higher or a farm in partner who wants a slice of the action. The BOD are experienced and the company isn't financially in debt and therefore in a relatively strong position. Also not a load of mouths to feed with a overly large BOD. etc..
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