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
By end of the month post publication of results but don't be too surprised if that slips by a week or two but company should make an RNS by end of the month