Thanks for your thoughtful post raffles.
I'm not a shareholder but am seriously considering committing to this story. I called the company just before the long weekend and talked to the VP. I asked if there was any connection between the recent private placement and the delayed 43-101.
He said this:
1. No connection between the two. These are two seperate events. The private placement was already planned, they had the opportunity to do it, so they got on with it.
2. They have no control over the 43-101. It's in the consultant's hands and they are waiting just like everyone else.
I'll probably wait to invest until the resource update anyway, but probably people are reading too much into this delay.