I thought retail investors had a good allocation and I while I understand some didn't take up the offer, I applied for my entitlement plus up to an additional 100%. I haven't been diluted. I would argue that on this occasion the retail component was poorly supported and likely justifies a greater emphasis in offering future capital raises to institutional or sophisticated investors as a means of guaranteeing placement.
This is a board and management team who I think are making the right decisions.
ALC Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
