Yes three Capital Raisings in 15 months is ridiculous:
Aug/Sep19 $42.5mil Placement and attempted to raise $5mil in a SPP(but it was not underwritten and only raised $410k)
Apr20 $27mil Placement to IGO plus underwritten entitlement offer for $24mil
Oct/Nov20 Placement $20.7mil and attempting to raise $14mil in non-underwritten entitlement issue.
Ann: NCZ to Reduce Secured Debt by Over 50% Through US$25m Raise, page-9
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