Understandable that people are disappointed with low price. My opinion is that share price will fall substantially, but not as low as 3c. I think 4c is realistic.
Please do not take my comments too seriously, but I expect that the shares will rise again fairly quickly - with 5 cents being the most likely the stable position.
The real issue for shareholders is whether to participate in the placement and how much? So even though the immediate consequence is a loss of value, any shares purchased through the placement will be great value.
I look forward to buying more shares.
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- Ann: $12m Placement Secured and $3m Priority Offer Underwritten
Ann: $12m Placement Secured and $3m Priority Offer Underwritten, page-53
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