I still can't work out who is going to buy enought to get us to 10-20c on the ASX.
If they end up raising the US$20m here I guess that will show enough interest but they will still need to have investors willing to put in another US$20m on market I reckon - the register still looks loose to me and that means 200m-500m shares will come out on the way up out of the 1.7b on issue - if they are sold between 5 & 15c (say and average 10c) then you need A$20-50m of on market buying to get it there. Then profit takers in the options need to be absorbed.
Don't get me wrong - I still own every one but I wonder who is actually going to do the on market buying.
On the other hand - $10m sterling from 3 funds and you have A$75m of buying so I guess I can answer it for myself . . . .
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held