proposed $16.5m capital raise, page-50

tripster

I am assuming that the capital raising will be successful, there is a risk that it will not, but if it does happen then the sophisticated and/or institutional investors will be placing about $13 million into Ballarat obviously with the belief that Mako is viable

so while they appear to be optimistic then so am I

incidentally, the big institutional holders of CGT are holding except for J.P.Morgan who have sold only a small fraction of their original position, indicating there is optimism at the top