RE:This TimeGood summary Chip but it's all down to the assays. From memory there are missing assays from holes 7, 8, 9 and 10 and by now holes 11 and 12 should be at the lab which is a whole load of news pending. Holes 7 to 10 are referenced in the November update which is a big delay.
The encouraging news is that they must have seen something they like to bring in a second rig and should now be drilling holes 13 and 14.
Can you reference where you have seen they will be raising more funds in conjunction with the ASX listing? I would be concerned at more dilution. If the assays are as good as we all hope then they should be able to borrow funds and not dilute even further, especially as they hold only a 65% share of Trundle.