ann: fml to raise 227.5 mill via placement, page-128

The last money raised by this company was used for a purpose completely different than was advised at the time of the raising and the subsequent effect on the share price was fairly dramatic.This time it is a lot of money and they really need to make clear to investors just what their plan of attack is as it has the potential to make or destroy the company.I still am bemused that stone was able to acquire a blocking stake in Cre as it took them quite a while to build that up and it would have been clear that they intended to put an unhelpful finger in the pie.
I also wonder what the development costs will actually be this quarter,will the $2m figure hold........there are issues of credibility that need to be observed.
Jury is out for me.I had added yesterday but sold those today but at present keep the shares previously held