It’s not an ideal situation but I can’t fault management they opted for a small raise recently and have cut operations to the bone to minimise expenditure.
Unfortunately we have to endure the annulment process and having cash on to see it through is prudent, interest earned will offset the negatives of the raise and I am confident will be returned to shareholders upon completion and a successful outcome.
Ultimately management’s hands are tied here, I suspect Bronwyn will be ruthless going forward as these games are frustrating for all of us.
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