annoucement, page-9

Disappointing in that it's just basically a CR for working capital, which if you read between the lines means that strategic partners are probably a little way off yet. If partners were about to sign, the company would have waited until this occured, as the share price would have risen substantially and the placement would have received much more 'bang for it's buck.'

Going forward into the long term, it's not a massively bad thing, as it will allow SDL to continue to function in a normal manner while negotiating, and make sure the Chinese don't just sit on their hands and force the company into a bad deal because SDL is running out of funds to operate. This raising will alleviate that pressure. It will also allow the company to sure up further resources, and make sure those processes with long lead times can be started so that construction isn't further delayed.

Disappointing in the short term, not the end of the World in the medium to long term. It just depends on your outlook and situation I guess.