I went through the 6 month financials on Sedar to see where Kodiak could be at year end and how dire the need for money. They had about $ 20 mil end of June in cash. Flow throughs in the amount of $ 13.8 mil were raised last December and the entire amount was renounced in February. Can anyone confirm that this means the whole amount must be expended by year end? They have about $ 8.7 mil unused flow-through $ at the end of June,so that's how much they may have to burn by year end. That still leaves about $ 11.3 mil left in the piggy bank, which should carry them for a while. It's possible they may finish the Magino drilling before needing to raise cash. The timing of course will depend on the share price as well. I imagine they will go to the market with a PP with any decent run up in share price. There's also about 1.3 million warrants priced at $0.80 which expire December 17,2010.