cr great for accelerating progress for ado, page-104

Answering a few questions in one.

BP stopped coverage because Stuart Roberts left ( and they probably didn't think there would be a capital raising they could make money out of) so maybe now they will start up again.

The CR will be scaled back to what the company was after so my guess is 5 to 5.5m. Deal sheets often go out with more and leave it to the companies discretion (which they always try to talk the company into to get more fees!)

The placement is out of the standard 15% limit not the 10% extra. The 10% extra was only put in place to have the option - as stated at the AGM they have no intention of using it but why not have it approved in case an opportunity arises driving the year.

So the dilution is something like 770m existing plus 44m new gives 814m total dilution of about 5-6%

Given the daily volume has been so high lately I doubt that many of the new shares will have a big impact. I know there are people who think the new owners will sell for a profit instantly but they typically don't. I imagine a few sellers will emerge but I doubt many will come from the placement (estimate maybe 25% over 1 month). More likely they will wait 3-6 months to see what gets delivered by the company and if it's good then they might not get sold at all.