Ann: Appointment of Non-Executive Director, page-10

Agreed, without an upcoming catalyst it might make sense to do a CR to support value creative expenditure, manufactoring modular units say. However, if this can be done in 6-9 months time with half (or less) of the dilution, then better to wait. That said, if you had a project planned even within 12-24 months, and you needed capital, then you would bring in that skillset earlier to get familar with the business, start building a network and priming investors. Imagine bringing on a quality institution (hopefully not perennial or regal) for the funding of a manufacturing facility for modular aMes, with an order book ready and the Shell contract in design phase - I don't think anyone would be whinging about a CR. Not to say any of that is likely, just that businesses are built on more than dreams (otherwise we wouldn't be here) and a CR under the right circumstances isn't necessarily bad.

I guess we all will have to wait and see - MrM might be able to do some probing in his next catch-up.

All IMO, please DYOR and GLTAH.