Ann: Retail entitlement offer completed, page-7

Indeed, the reasons can be many as you have pointed out, but why look to raise $93 million from the retail offer when they would have had some indication of the potential impact of the reasons stated above.

I am not sure how easy it would have been to identify overseas holders, although the share registry should have been able to give an indication, and if the directors would not be in a position to take up their full allotment why not let the unsubscribed shares be available to retail holders who would have liked more.

Yes I understand that doing a shortfall offer for retail holders takes additional time and that to have them taken up by an underwriter is convenient and fast but it would have been a nice bonus for retail holders instead of the big end of town always getting the cream.

Still happy with my allocation and looking to hold long term BUT

Regards

Rayda