Hi
It is 100% certain that there is going to be a fund raising at some stage. Exploration is risky and not cheap.So you should not be surprised at this.As regards being a "lost Cause"this is a matter of opinion. 2p...? well a further opportunity to increase my holding. You have to speculate to accumulate!
Buying GOO is like having a bet on an outsider in the Grand National, only the "race" lasts a few years rather than a few minutes. Gold Oil could be a very exciting investment..............but if you do not have a speculative patient disposition, like I have, then this is not the investment for you.
SM