They're burning cash. They're good at that. Another placing looming 6 months or so away. Why let the price go up. They have to actually deliver a project. Not just drill and place. Look at their history. At this rate next placing at 0.4p. And the BOD don't give a flying f*** about it either. A true lifestyle company. This has gone down about 99%.
soon, is my guess. So they can issue more shares. Funds must be running short and a long way to go on the projects. Plus, they'll have to pay themselves in cheap shares for quite a while longer. Hopefully not another 10 years!