Glads,
"But if ROC can raise the cash from the instos, at a price not to far off the last sale at 90c, it could be the catalyst for a short-term re-rating."
I'd be suprised if the insto's rush to feed this perpetual blackhole new equity at anywhere close to 90. Just look back from listing at the serial wealth destruction, despite having had benefit of a conveyor belt of producing projects. It's the MO, or business model that is in serious need of fixing imo.
A past (2004 to 07) holder,
EL
Ann: ROC Announces Equity Capital Raising , page-10
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