kind of blew my mind a bit.... I m bit afraid, what kind of info this is sending to the market, IW2 will give us nothing? or ready to fail? so we need money now to mitigate the risk if that happen, so we can play the conventional ?
show people the 3D result, if its so encouraging, then open the IW2, play the gearing this way would be better than you give 25% for free, isnt it?
From LSE on proposed raising, page-31
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