trading halt, page-22

By regulation you cannot issue stock under different conditions to a prospectus offering within a certain timeframe of the listing. As such 20c offer price and one for one option is the deal with stock going to a few funds.
It's frustrating that the these funds get in at the discounted rate and get the option while taking considerably less risk than those of us who took up rights at IPO, but a small company should always take the cash when it is on offer. You never know if it will be available tomorrow!
This does not change the story significantly, the debt funding is the medium term catalyst and from the commissioning of the new plant.

We have a great management team and a strong project, given time I'm sure they will succeed.