Ann: Investor Presentation, page-180

Hi Dwhale

You mentioned BTH previously in one of your posts as an example of companies not so overvalued like LVT and they also had a cap raise quite recently although they were almost reaching a cash break-even. I participated the cap raise and the SP never went down below the cap raise price except when the whole market was bearish due to trade war over USA and China. When it dipped down below the cap raise price, I took the opportunity to top up and am enjoying a nice gain now.
I am not too sure where your logic comes from when you say SP will go below 30c when cap raise price is 35c, which I don't seem to find any logical ground. Of course in the bearish market, it could go below the cap raise price, but otherwise, when assuming that this cap raise is oversubscribed and they announce the growth progress next time which I believe is due soon, I don't think we will never get to see the cap raise price again.