We have hit 45c on the 15/01 as well.
One would hope that we have some support to bounce off these levels. Yet the sell side generally seems to overwhelm our support levels eventually with such little demand.
It has been around 4 weeks or so since our last client update. Hopefully we will receive an update soon, perhaps related to the release of educate in march. US or ASIA news is crucial.
Regardless of whether we NEED a capital raising or not i think it could at least provide a base for some support, and re affirm to shareholders that there is some institutional interest if there was an offering to sophisticated investors.
IMO
RFN chart, page-586
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