Hi H
You could well (probably) be right.
I just think that instos / fundies are the wrong fit at the moment. This company has got huge potential and might (for example) need to take some side steps to fulfil that potential.
Fundies / instos (most that I have met) are fixated on short-termism. Can't see beyond the next quarterly. T/O are grabbed without thinking.
Like I said though, the 'smart money' would be betting on your prediction.
The vast majority here wanted a full-blown merger with Soco. A small minority didn't and the innovative deal struck around that has proved to be the goods.
The other thing is, without some sort of accompanying 'event', this capital raising is completely and utterly unnecessary.
Let the instos pay multiples of the current price if they want in. Join the queue!
That said H, we are all just shooting the breeze.
Good luck to all.
Cheers
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