re: Ann: Strong Demand Raises $4.2 million to... Great Announcement this morning.
1) Re-affirms the strong committment of investors towards this emerging graphite play.
2) Oversubscribed.. They have under the ASX rules 15% but investors at the AGM also voted on another 10% on top capital raising capability, so it will be interesting if they allow the extra subscriptions to eat into the other 10% and how much demand there is.. If the whole 10% is taken out then this is really a strong signal.
3) Korean results coming soon.. Good to see they have pending news.
4) Production still confirmed around the end of year...
So reconfirmation on the positive sentiment and developments here. Looking forward to the next announcements.
Ann: Strong Demand Raises $4.2 million to Advance, page-2
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