patersons agree to underwrite share raising, page-11

Paterson's underwriting is very very conditional - didn't you read the prospectus (or have I not read enough of the thread):

(b) below, is a significant sign of a lack of confidence. In fact - very easy to tip the SP of an illiquid stock under the Cap Raise price for three consecutive days. Also conversely very easy to set up a bot to make sure it doesn't go under the Cap Raise SP as well at the close.

Termination Events (from second prospectus pg 27 of document - section 5.1
Part 1:
(a) The All Ordinaries Index or the Small Ordinaries Index as published by ASX is at any time
after the date of the Underwriting Agreement 10% or more below its level as at the close
of business on the day prior to the date of signing the Underwriting Agreement.
(b) The closing price of the Shares on the ASX is at any time after the date of the
Underwriting Agreement less than the Issue Price for any 3 consecutive Business Days.

GLTA