Ann: Results of Meeting, page-14

not sure how many times this needs repeating - the CR has had numerous negative effects on the SP.

let's use commonsense, a whole bunch of shares are given out at 14.5c when it's trading around 25% higher.

current SH's presume then that many are going to want to flip those shares for a quick decent ROI, so they try and bail first.

buyers presume this is going to happen, so they pull their bids waiting for the SP to retract back towards that 14.5 mark.

and so it becomes a race to get out first, on top of that, you have others, be it SH's or potential investors thinking twice to buy in because of a reluctance based on the initial let down by the company that they took this path rather than what had been announced numerous times, which was funding via offtake.

so there you now have our current predicament where even good news is met with lacklustre buying and why the SP will struggle to get past the 15c mark, seeing many would now be down on having participated in the CR.

if they're given a chance to get out with their head above water, they'll no doubt take it first thing!!

All IMO.