Oh blimey! Man do you need to look around and smell the corporate flowers a bit.
This raise was very strategic and extremely well managed at minimal discount (14%) and including a SPP where all punters can participate.
In my opinion we are certainly in an environment where you should raise money when you can and sentiment for this company and in this sector is very high. The next 12 month period offers so much uncertainty with more negative macro trends than positive therefore it showed great management to secure the companies financial security to progress the development program for shareholders.
Of course we would have preferred not to have had a CR but it’s a fact of life in this industry.
Cheers.
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