Ann: Share Placement and Entitlement Offer, page-30

You have thrown away a heap of your investment in the middle of a massive phosphate boom market. With the company just about to ramp production using the $$ from this raising. Clearly they needed the $$ to get the wheels turning. Management aren't really that bad hear compared to many others out there. Their choice of broker might not be the best. I tend to go with the flow with things like this, and accept what has happened and reassess. I still like what I see, and look forward to the $$ starting to flow in the not so distant future.
This is still the best phosphate junior going about, that is until AEV gets it's act together, now there's some management you'd really love.