In a scenario in which some positive news came out of La Bella in terms of the continued involvement of our partners, and the share price got to around .018 I would have had no issues stumping up more cash at say 0.014 and having the company issue more shares via private placement for working capital to fund La Bella and Seychelles. Yet instead we are seeing a capital raising at the same level as when we were in a crisis at the end of last year when we were seemingly in danger of losing our Seychelles acreage.
Not only that , but most of the money is going towards some new project(s) when we haven't achieved any return on the existing ones. I would actually feel more comfortable if they just plonked the $2.5m in a bank account and said "We've set this aside to ensure we can pay our salaries for the next 2 years while we concentrate on turning La Bella and the Seychelles into winners for the rest of you".
