I see it more as having some cash in the kitty whilst court concludes their deliberations and delivers a judgement (either way) Plus allows the company the opportunity to get some field work done in Greenland this summer - no idea about when the field season starts etc
3.6m shares as part of a convertible issued at 12.25p Sorry gave up reading the 240 odd page prospectus Not sure how far £2m will get them, I'm assuming bulk of the other £1m went on fee's and the listing etc
Page 5 of the pdf on the link say directors to review capital adequacy requirements for the group and update shareholders on any proposed dividend Fingers cross Gunn wants his dividend pie