Ann: Business Update - Bank Facility and R&D Grant, page-5

I think most importantly it's evidence that management are making promises and then delivering.

Evidence here is was a little patchy after the March quarterly and the FY15 sales downgrade.

I'd recently exited a pretty substantial 2 yr holding here because my gut was telling the company was moving back to overpromise / underdeliver. This puts me back in the camp of acquculture is risky - and sometimes you get unlucky (but in the long term good management will win out).

Will look to get back in over the next few weeks.